low-price
UK[ˌləʊ ˈpraɪs]US[ˌloʊ ˈpraɪs]
adj
costing a small amount of money; inexpensive.
Morpheme Breakdown
low
price
low
not high
price
cost
Etymology
the compound adjective 'low-price' is a transparent combination of two english words of germanic and romance origin, respectively. the first element, 'low', derives from old english roots related to lack of height, which semantically extended to indicate a small degree or amount. the second element, 'price', entered english via old french from the latin 'pretium', carrying the core meaning of monetary value. the logic of the compound is straightforward and modern, directly linking the concept of a small amount ('low') with the concept of cost ('price') to denote something inexpensive. it exemplifies a common pattern in english for creating descriptive terms for market goods.
Analysis
Structure: low (not high) + price (cost)
low: from old english 'hlāw', 'hlēo' meaning 'low in position or height'. in this compound, it functions as an adjective meaning 'small in amount or degree'.
price: from old french 'pris', from latin 'pretium' meaning 'value, reward, money'. in this compound, it functions as a noun meaning 'the amount of money expected, required, or given for something'.
Examples
the store is known for its low-price electronics.
they are targeting budget-conscious consumers with a new line of low-price groceries.
while it's a low-price option, the quality is surprisingly good.