cost-efficient
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/kˈɔstɪfˈɪʃənt/
British pronunciation
/kˈɒstɪfˈɪʃənt/

Definition & Meaning of "cost-efficient"

cost-efficient
01

achieving the desired result without wasting resources or spending too much

example
Example
click on words
The new software is cost-efficient, saving the company both time and money.
They opted for a cost-efficient solution to minimize operational expenses.
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