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Cost: Meaning, Examples, and Common Usage (2 meaning)

Meaning 1:price (cost)

cost 🔊
/kɔːst/
n., v.
The amount of money you need to pay to buy something or do something.
Cost as price: price tag on a white t-shirt in a store
price 🔊
/praɪs/
n., v.
The monetary value required to purchase a good or service.
📁 Category:Social Economy 🔖 Level:Beginner

📘 Details & Usage

📖 Root Explanation
From Latin 'constare' (con- 'together' + stare 'to stand'), meaning 'to be fixed at a price'.
💡 Mnemonic
Imagine a cash register: every item has a 'cost' – 'C'ash 'O'ut 'S'pent 'T'otal.
📖 Example
Before you buy that new phone, think about the total cost, including the monthly data plan. 🔊 Before you buy that new phone, think about the total cost, including the monthly data plan.
🔗 Collocations
cost of living – The amount of money needed for basic necessities like food, housing, and transportation.
cost reduction – The process of decreasing expenses.
opportunity cost – The loss of potential gain from other alternatives when one is chosen.
🔄 Synonyms
price (n.) – The amount of money for which something is bought or sold.
expense (n.) – The cost incurred in the course of doing something.
fee (n.) – A payment made for professional services or for a privilege.
🚫 Antonyms
profit (n.) – The financial gain after deducting costs.
revenue (n.) – Income generated from business activities.
gain (n.) – An increase in wealth or resources.
🌱 Derivatives
costly (adj.) – Expensive; involving great cost.
costing (n.) – The process of estimating the cost of something.
costless (adj.) – Without cost; free.
📖 Cultural Story
Evolved from Latin 'constare', meaning 'to stand at a price'. Entered English via Old French 'cost'. In modern business, 'cost' is central to pricing, budgeting, and profit analysis.

Meaning 2:is priced at (cost)

cost 🔊
/kɔːst/
n., v.
If something costs a certain amount of money, you need to pay that amount to get it.
Cost as verb: person holding a receipt at a table
is priced at 🔊
/ɪz praɪst æt/
n., v.
To require a specified amount of money in exchange for a product or service.
📁 Category:Behaviors & Actions 🔖 Level:Beginner

📘 Details & Usage

📖 Example
The concert tickets cost me over a hundred dollars, but the amazing performance was worth every penny. 🔊 The concert tickets cost me over a hundred dollars, but the amazing performance was worth every penny.
🔗 Collocations
cost money – To require payment of money.
cost someone something – To cause someone to lose something (e.g., time, effort).
cost an arm and a leg – To be extremely expensive.
🔄 Synonyms
sell for (phr. v.) – To be bought for a specified price.
go for (phr. v.) – To be sold for a particular amount.
fetch (v.) – To be sold for a certain price.
🚫 Antonyms
be free (phr.) – To require no payment.
be given away (phr.) – To be provided without charge.
🌱 Derivatives
costing (n.) – The action of calculating cost.
cost-effective (adj.) – Providing good value for the amount paid.
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