Cost effectivenesscost-effective :Economical in terms of the goods or services received for the money spent.
Cost-effectiveness analysis (CEA) is a form of economic analysis that compares the relative expenditure (costs) and outcomes (effects) of two or more courses of action.
Definition: Cost effective is something that is economical, based on the tangible benefits produced by the money spent. A reasonable cost of doing business that generates adequate profits is cost effective.
Adj. 1. cost-effective - productive relative to the cost
cost-efficient
efficient - being effective without wasting time or effort or expense; "an efficient production manager"; "efficient engines save gas"
Cost-effectiveness analysis (CEA) is a form of economic analysis that compares the relative expenditure (costs) and outcomes (effects) of two or more courses of action.
Definition: Cost effective is something that is economical, based on the tangible benefits produced by the money spent. A reasonable cost of doing business that generates adequate profits is cost effective.
Adj. 1. cost-effective - productive relative to the cost
cost-efficient
efficient - being effective without wasting time or effort or expense; "an efficient production manager"; "efficient engines save gas"
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