"cost-effective" vs "cost-efficient"

Question

"cost-effective" vs "cost-efficient"

Both 'cost-effective' and 'cost-efficient' are correct phrases in English, but they have slightly different meanings. 'Cost-effective' refers to achieving the best possible results at the lowest cost, while 'cost-efficient' focuses on minimizing costs in relation to a specific goal or outcome. The choice between the two depends on the context and the specific emphasis you want to convey.

Last Updated: April 01, 2024

It refers to achieving the best possible results at the lowest cost. It is often used in business and marketing contexts.

Examples:

Using solar panels is a cost-effective way to reduce energy bills.
Investing in employee training can be very cost-effective in the long run.

Alternatives:

economical
efficient in terms of cost
value for money
budget-friendly
economically viable

It focuses on minimizing costs in relation to a specific goal or outcome. It is often used in discussions about resource management and optimization.

Examples:

The new manufacturing process is more cost-efficient than the previous one.
Using public transportation is usually more cost-efficient than driving a car.

Alternatives:

economical
efficient in terms of cost
budget-conscious
resource-saving
economically sound

Answer 1

cost-effective

This phrase is correct and commonly used in English.

Answer 2

cost-efficient

This phrase is correct and commonly used in English.

"cost-effective" vs "cost-efficient"

cost-effective

cost-efficient

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