Definition of low-cost adjective from the Oxford Advanced Learner's Dictionary



    BrE BrE//ˌləʊ ˈkɒst//
    ; NAmE NAmE//ˌloʊ ˈkɔːst//
    [usually before noun]
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  1. 1below the usual cost; cheap low-cost housing/transport/food
  2. 2producing or supplying something that is cheap or costs less than usual to buy a low-cost airline They can now successfully compete against low-cost foreign producers.