Cost-effective (adjective)

Providing good value for the money spent.

Origin:

The term cost-effective is a combination of the words "cost" and "effective" and was first used in the early 20th century.

Examples:

1. The company's new manufacturing process is more cost-effective than the old one.
2. The cost-effective solution was to outsource the manufacturing to a cheaper country.
3. Investing in energy-efficient appliances can be cost-effective in the long run.
4. The new product is not only efficient, but also cost-effective.
5. We're looking for a cost-effective way to improve our customer service.