Costliness

Costliness refers to the quality of being expensive or involving a significant amount of money, resources, or effort. It denotes a high price or value, often associated with luxury, extravagance, or items requiring substantial investment. This can apply to both tangible goods and intangible concepts, such as services or experiences. The term can reflect the relative economic value compared to alternatives and is a key factor in decision-making, impacting spending habits and resource allocation. Costliness also inherently signifies a potential barrier to access or acquisition, influencing accessibility and affordability.

Costliness meaning with examples

• The Costliness of the handcrafted Italian leather shoes made them a status symbol, worn only by the wealthiest individuals. Their high price tag put them out of reach for most consumers. Owning them showcased a level of affluence, highlighting an ability to afford luxury and making the brand highly exclusive.
• The Costliness associated with advanced medical treatments is a major concern, potentially hindering equal access to healthcare. Specialized equipment and complex procedures greatly drive the price up. This financial barrier highlights a significant challenge facing public health systems.
• The Costliness of maintaining the ancient castle, with its constant need for repairs and restoration, pushed its owner to the brink of financial ruin. Preserving the historical building required a huge investment. Despite efforts, it strained all resources.
• While the project was undeniably ambitious, the Costliness of implementing the advanced technology was considered a significant drawback by the board of directors. The high initial investment, plus future updates, proved to be a massive financial burden. Several board members voted no.
• The Costliness of private education, which includes tuition, extracurriculars, and related expenses, prevented many families from considering it for their children. The financial investment was too overwhelming. Families opted for public schools that came without hefty bills.