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English definition of “cost-effective”

cost-effective

adjective
 
 
/ˌkɒstɪˈfektiv/ (also cost-efficient)
cost-effective methods or processes bring the greatest possible advantage or profit when the amount that is spent is considered: In many cases outsourcing jobs has been shown to be not cost-effective. cost-effective measures/plans/programmes
cost-effectiveness noun [U] (also cost efficiency) cost-effectively adverb
(Definition of cost-effective from the Cambridge Business English Dictionary © Cambridge University Press)
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