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

cost-efficient

adjective
 
/ˌkɒst ɪˈfɪʃnt/
 
/ˌkɔːst ɪˈfɪʃnt/
(also cost-effective)
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  1. giving the best possible profit or benefits in comparison with the money that is spent
    • Gas pipes are repaired quickly and in a cost-efficient manner for consumers.

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