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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 • 945 views

cost-effective

This phrase is correct and commonly used in English.

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.

Show examples from the web [+]

Jun 23, 2023 ... The meaning of COST-EFFECTIVE is producing good results without costing a lot of money. How to use cost-effective in a sentence.
4 days ago ... cost-effective definition: 1. If an activity is cost-effective, it is good value for the amount of money paid: 2. If an…. Learn more.
Jul 31, 2020 ... Every owner wants a cost-effective building. But what does this mean? In many respects the interpretation is influenced by an individual's ...
Apr 14, 2023 ... A project is considered cost-effective when the BCR is 1.0 or greater. Applicants and subapplicants must use FEMA-approved methodologies and ...
Evidence-based, cost-effective interventions: how many newborn babies can we save? Lancet. 2005 Mar;365(9463):977-88. doi: 10.1016/S0140-6736(05)71088-6.
Feb 19, 2019 ... There are cost-effective strategies to use online to further legitimize and attract people to your business and its products or services.
Mar 14, 2023 ... This policy outlines the accepted use of cost-effective alternative services by TennCare managed care contractors (MCCs). Policy. TennCare MCCs ...

Alternatives:

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

cost-efficient

This phrase is correct and commonly used in English.

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.

Show examples from the web [+]

The Commission considers that appropriate financial security on the basis of a multi-annual commitment is necessary to allow the Agency to properly carry out its new tasks, and do so in a cost-efficient way.
In this context, EUROSUR shall be established in full compatibility with CISE, thereby contributing to and benefitting from a coordinated and cost-efficient approach to cross-sectoral information exchange in the Union.
· cost-efficient and sustainable modes of transport,
It is important that the collection targets are ambitious in environmental terms, but they should also be achievable, realistic and cost-efficient.
Would such a system be feasible and cost-efficient?
it shall be cost-efficient with respect to single day-ahead and intraday coupling and shall in its internal accounting keep separate accounts for MCO functions and other activities in order to prevent cross-subsidisation;
Spectrum in the 694-790 MHz frequency band (hereinafter '700 MHz frequency band') is a valuable asset for deploying cost-efficient terrestrial wireless networks with high capacity and ubiquitous indoor and outdoor coverage.
As a result, the individuals and institutions working on the SEPA will have to find solutions which are as cost-efficient, easy and user-friendly as possible for bank customers, and in particular for retail clients.
Is this really a cost-efficient way of achieving the aims of the European Social Fund?
The Agency shall coordinate the common application of surveillance tools in order to supply the national coordination centres and itself with surveillance information on the external borders and on the pre-frontier area on a regular, reliable and cost-efficient basis.
Public funding should be cost-efficient and targeted to address market failures.
We will also have to be cost-efficient.
In those cases, alternative cost-efficient methods of heat consumption measurement may be considered.
For the remaining cash, the industry will strive to implement cost-efficient solutions.
Inland waterways are an innovative, comparatively environmentally friendly and relatively cost-efficient mode of transport.
Energy saving and energy efficiency are the most cost-efficient way of cutting carbon emissions in the EU.
Transparency and citizens' right to information are widely recognised as the most cost-efficient way of fighting and preventing corruption.
Dumped imports are therefore not more cost-efficient than the Community industry.
However, such a system may also be time-consuming and not cost-efficient.
Overhead power lines are often the most cost-efficient solution for long-distance transmission of over 50 km.

Alternatives:

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

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