{
  "id": "cheap.economic",
  "term": "cheap",
  "sense": "economic",
  "pos": "adjective",
  "status": "review",
  "level": 10,
  "arena": "cheap",
  "domain": "everyday",
  "style": null,
  "definition": "lower in price than what is typically considered its worth",
  "folk_gloss": null,
  "emergence": {
    "components": [
      "price.economic",
      "quality.value",
      "usual.common",
      "value.worth"
    ],
    "interaction": "the price of a thing is less than its usual value, creating a perception of economic advantage",
    "novel_properties": [
      "relative affordability",
      "value discrepancy",
      "economic favorability"
    ]
  },
  "examples": [
    {
      "text": "IKEA's Malm line sells at $199 while comparable solid-wood dressers retail for $600+.",
      "domain": "economics"
    },
    {
      "text": "Used textbooks on Amazon resell for $15 when new editions cost $120 despite identical content.",
      "domain": "institutions"
    },
    {
      "text": "Refurbished iPhone 12 units go for $450, $300 below Apple's new model pricing with matching performance.",
      "domain": "computing"
    }
  ],
  "relations": [
    {
      "id": "price.economic",
      "note": "is-a",
      "type": "is-a"
    }
  ],
  "used_by": [],
  "forms": [
    "cheap",
    "cheaper",
    "cheapest"
  ],
  "closed": false,
  "provenance": {
    "author": "openrouter:openai/gpt-oss-120b",
    "date": "2026-07-29",
    "confidence": 0.6,
    "reconciled": {
      "by": "openrouter:qwen/qwen3-235b-a22b-2507",
      "date": "2026-07-31",
      "changed": "definition",
      "note": "added missing 'usual.common' and 'value.worth' to properly ground 'usual value'; tightened definition to remove redundancy and better reflect component interactions"
    }
  },
  "canonical": "https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-cheap.economic"
}