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Meaning of “low-cost” in the English Dictionary

"low-cost" in Business English

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low-costadjective [before noun]

uk   /ˌləʊˈkɒst/ us   /-ˈkɑːst/ also lower-cost
COMMERCE, FINANCE cheap, or not costing as much as other things of the same type: As new low-cost competitors from Asia and eastern Europe have entered the global marketplace, Britain's manufacturers have been forced to move upmarket. Around 60% of the companies surveyed had some of their IT work done in low-cost countries.low-cost airlines/carriers/flights Another low-cost airline went bust after expanding too fast. There is pressure on capital cities to provide low-cost housing for its nurses and teachers. low-cost credit cards/mortgages/loans low-cost energy/electricity low-cost labour/manufacturing/production
(Definition of low-cost from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “low-cost”
in Chinese (Simplified) 低成本的, 便宜的,廉价的…
in Chinese (Traditional) 低成本的, 便宜的,廉價的…
What is the pronunciation of low-cost?
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