low-cost
UK[ˌləʊ ˈkɒst]US[ˌloʊ ˈkɑːst]
adj
costing less than usual or less than average
Morpheme Breakdown
low
cost
low
not high
cost
price
Etymology
The compound adjective "low-cost" is a modern formation built from two native English elements with transparent meanings. "Low," of Germanic origin, evolved from a concrete sense of a "mound" to describe anything of small height, amount, or value. "Cost," entering English via French from Latin, retains its core meaning of the price required to acquire something. The logic of the compound is purely descriptive and economic: it directly signifies that the monetary price or expenditure associated with a product or service is not high. This straightforward compounding reflects a practical, analytical approach to vocabulary creation in Modern English, where existing words are combined to efficiently label new commercial concepts.
Analysis
Structure: low (not high) + cost (price)
low: From Old English hlāw, hlǣw ("mound, hill"), later influenced by Old Norse lágr ("low"). In this compound, it functions as an adjective meaning "small in amount or degree".
cost: From Old French cost (Modern French coût), from Latin constare ("to stand at, to cost"), from com- ("with") + stāre ("to stand"). In this compound, it functions as a noun meaning "the price paid for something".
Examples
The airline is known for its low-cost flights to European capitals.
We're looking for a low-cost solution to the software problem.
The government introduced a series of low-cost housing initiatives.