cost-effective
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cost-effective
Offering good value for money; inexpensive or cheap, often with the positive connotation that the quality is appropriate or good for the price.
Wir suchen eine kostengünstige Lösung für unsere Heizung.
We are looking for a cost-effective solution for our heating.
The word is made up of 'Kosten' (costs) and 'günstig' (favorable / inexpensive). It literally means 'favorable with regard to costs' and emphasizes good value for money.
Wir haben eine kostengünstige Methode zur Herstellung des Produkts entwickelt.
We have developed a cost-effective method for manufacturing the product.
'Kostengünstig' is often used in business or technical contexts. It has a positive connotation and sounds professional.
Für Start-ups ist es wichtig, kostengünstig zu wirtschaften.
For start-ups, it is important to operate cost-effectively.
The adjective often describes abstract things such as a 'Lösung' (solution), an 'Alternative' (alternative), a 'Variante' (variant / option), or a 'Verfahren' (process / method). It is also often combined with verbs like 'produzieren' (to produce) or 'herstellen' (to manufacture).
Diese Software ist eine kostengünstige Alternative zu teuren Programmen.
This software is a cost-effective alternative to expensive programs.
expensive
'teuer' and 'kostengünstig' are opposites in the area of price. 'teuer' means that something costs a lot of money. 'kostengünstig' means that something is inexpensive and offers appropriate or good performance for the price. 'kostengünstig' often sounds a bit more positive and objective than 'billig' (cheap), for example with offers, solutions, or plans. If the price is high, you say 'teuer'. If you want to emphasize that the costs are low and sensible, 'kostengünstig' fits.
Für die Reise sucht sie eine kostengünstige Unterkunft in der Nähe des Bahnhofs.
For the trip, she is looking for cost-effective accommodation near the train station.
Nach der Arbeit haben wir gemerkt, dass der Ausflug mit den Kindern ziemlich teuer war.
After work, we realized that the outing with the children had been quite expensive.