Cost (Noun)
Meaning 1
The total spent for goods or services including money and time and labor.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The new laptop came with a steep cost, totaling over a thousand dollars after adding up all the extra features and software.
- Calculating the true cost of producing a unit of their new product took into account the costs of raw materials, manufacturing time, and transportation.
- Rent, utilities, and employee salaries made up a significant portion of the restaurant's monthly operating cost.
- It's hard to determine the environmental cost of fast fashion when companies aren't transparent about their manufacturing processes.
- Including labor costs and other overheads, the company reported that the overall cost of completing the construction project had been substantially higher than initial estimates.
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Meaning 2
The property of having material worth (often indicated by the amount of money something would bring if sold); "the fluctuating monetary value of gold and silver"; "he puts a high price on his services"; "he couldn't calculate the cost of the collection".
Classification
Nouns denoting attributes of people and objects.
Examples
- The company has to consider the cost of raw materials when setting the price of their products.
- The cost of the new smartphone is expected to be around $1000.
- She puts a high cost on her time and only takes on projects that pay well.
- The cost of the antique vase was estimated to be in the millions.
- The cost of the rare book was too high for the museum to afford.
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Meaning 3
Value measured by what must be given or done or undergone to obtain something; "the cost in human life was enormous"; "the price of success is hard work"; "what price glory?".
Classification
Nouns denoting attributes of people and objects.
Examples
- The company will weigh the potential benefits of the new project against the cost in time and resources required to complete it.
- The cost of admission to the theme park includes unlimited access to all rides and attractions.
- After careful consideration, the cost of living in the city was deemed too high for the family to afford.
- The environmental cost of using non-renewable energy sources has become a major concern in recent years.
- The emotional cost of the traumatic event took a long time to heal and required extensive therapy.