cheap · economic
lower in price than what is typically considered its worth
Examples
- IKEA's Malm line sells at $199 while comparable solid-wood dressers retail for $600+. economics
- Used textbooks on Amazon resell for $15 when new editions cost $120 despite identical content. institutions
- Refurbished iPhone 12 units go for $450, $300 below Apple's new model pricing with matching performance. computing
Emergence
through: the price of a thing is less than its usual value, creating a perception of economic advantage
- relative affordability
- value discrepancy
- economic favorability
Chain to foundations
as tree
- cheapL10
- priceL8
- interactionL2
- differenceL1
- patternL0 (shown above)
- qualityL4
- usualL2
- valueL9
- priceL8
Neighborhood
Concepts that depend on this one above; what it is built from below.
Relations
| is-a | price.economic | is-a |