High-cost
adjective; characterized by a significant financial investment or expenditure, often more than the average or expected amount. 'High-cost' can refer to goods, services, or projects that require a considerable amount of money, making them less accessible or desirable for budget-conscious individuals or organizations.
High-cost meaning with examples
- The new high-cost healthcare plan has faced criticism for being out of reach for many families struggling to make ends meet, leading them to seek more affordable options instead.
- In an effort to boost sustainable energy, the government has invested in high-cost solar projects, which, while environmentally beneficial, pose funding challenges for smaller municipalities.
- Some luxury cars come with a high-cost maintenance regime, deterring budget-conscious buyers who may be interested in owning a premium vehicle but are worried about ongoing expenses.
- The high-cost of education at elite universities raises concerns about accessibility for low-income students, prompting discussions about scholarship programs and financial aid reforms.
- High-cost living in major metropolitan areas often forces residents to make tough decisions about housing, transportation, and lifestyle choices that better fit their budgets.