cost effective means
adjective. The definition of cost effective is something that is a good value, where the benefits and usage are worth at least what is paid for them.An example of cost effective is using VOIP to talk on the phone long distance.ords near cost-effective in the dictionary. 1  cost-centers. 2  cost-centre. 3  cost-centres. 4  cost-cutting. 5  cost-effective. 6  cost-effectiveness. 7  cost-efficient. 8  cost-function. 9  cost-functions. 10  cost, insurance, and freight.