English Lexicon

Cost-Effectiveness

/ˈkɔːst ɪˈfɛk.tɪv.nəs/
nounCEFR B2 (Upper)Top #1500 frequency
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Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    A measure of the relative costs and outcomes (effects) of different courses of action.

    "The cost-effectiveness of the new healthcare policy was analyzed to determine its financial viability."
  2. 2

    The degree to which something is effective in relation to its cost.

    "When comparing the cost-effectiveness of various marketing strategies, the company opted for digital advertising."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term 'cost-effectiveness' is a compound word formed in the late 20th century, combining 'cost', derived from Old French 'coste' and Latin 'costa', meaning 'side' or 'rib', and 'effectiveness', from Latin 'effectivus', meaning 'producing an effect'. The term evolved to describe the efficiency of a method in achieving desired outcomes relative to its costs.

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