low-cost
adjective [ before noun ]
uk/ˌləʊˈkɒst/ us/-ˈkɑːst/ (also lower-cost) COMMERCE, FINANCE
cheap, or not costing as much as other things of the same type:
As new low-cost competitors from Asia and eastern Europe have entered the global marketplace, Britain's manufacturers have been forced to move upmarket.
Around 60% of the companies surveyed had some of their IT work done in low-cost countries.
low-cost airlines/carriers/flights Another low-cost airline went bust after expanding too fast.
There is pressure on capital cities to provide low-cost housing for its nurses and teachers.
low-cost credit cards/mortgages/loans
low-cost energy/electricity
low-cost labour/manufacturing/production