The term 'cost-relieved' refers to a situation or condition in which the financial burden or expense associated with a particular activity, product, or service has been significantly reduced or alleviated. This can occur through various means, such as discounts, subsidies, or financial assistance programs that ease the monetary implications faced by individuals, businesses, or organizations. Achieving cost relief can enhance affordability and accessibility.
Cost-relieved meaning with examples
- The new government program aimed at supporting local businesses provided significant cost-relieved opportunities for small entrepreneurs. With grants and financial incentives, many owners could invest in upgrades and expand their offerings without the fear of overwhelming debt, thus stimulating economic growth in the area.
- During the recent economic downturn, many families became eligible for cost-relieved housing assistance. This initiative allowed them to secure affordable living arrangements, thus preventing eviction and homelessness as they navigated financial uncertainties, allowing individuals to regain stability in their lives.
- Non-profit organizations often focus on creating cost-relieved educational resources for underprivileged communities. By providing free or low-cost textbooks and online materials, students living in economically challenged areas can access quality learning without the additional strain of material costs.
- Corporate wellness programs that focus on cost-relieved health services have become increasingly popular. By covering preventive healthcare and fitness memberships for employees, companies not only improve their workforce's health but also reduce insurance costs in the long run due to healthier employees.