Definition of “low-cost” - English Dictionary

English

“low-cost” in English

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low-costadjective

uk ​ /ˌləʊˈkɒst/ us ​ /ˌloʊˈkɑːst/

(Definition of “low-cost” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“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)

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