value-for-money

Definitions

The quality of being worth the price paid for a product or service.

A measure of the benefit obtained in relation to the cost incurred.

Examples

This budget hotel offers excellent value-for-money, providing clean rooms and a central location at a fraction of the cost of its competitors.

Many consumers are switching to generic brands because they provide better value-for-money compared to expensive name-brand products.

Synonyms

cost-effective economical affordable good deal worth the price budget-friendly advantageous

Antonyms

expensive overpriced not worth the cost waste of money exorbitant poor value uneconomical