# cheap (economic)

lower in price than what is typically considered its worth

- Computed level: L10 (depth in the emergence graph, not abstraction)
- Status: review  ·  Domain: everyday  ·  Arena: cheap

## Emergence
**Emerges from:** [price](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-price.economic), [quality](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-quality.value), [usual](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-usual.common), [value](https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-value.worth)

**Through:** 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
- 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)*

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*Canonical: https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-cheap.economic*  
*Structured data: https://emergencemachine.com/tools/lexicon/what-is-the-meaning-of-cheap.economic.json*  
*Every definition provably resolves to space, time, energy and pattern.*