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Cheap vs. Economical — What's the Difference?

Cheap vs. Economical — What's the Difference?

Difference Between Cheap and Economical

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Cheap

Low in price, especially in relation to similar items or services
Local buses were reliable and cheap

Economical

Giving good value or return in relation to the money, time, or effort expended
A small, economical car

Cheap

Of little worth because achieved in a discreditable way requiring little effort
Her moment of cheap triumph

Economical

Designed or functioning to make effective use of money or effort invested
An economical heating system.
An economical approach to control of corporate growth.

Cheap

At or for a low price
A house that was going cheap because of the war
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Economical

Prudent and thrifty in management; not wasteful or extravagant.

Cheap

Relatively low in cost; inexpensive or comparatively inexpensive.

Economical

Sparing in the amount of items involved to achieve a desired result
An economical writing style.
Threw an economical 12 pitches in the first inning.

Cheap

Charging low prices
A cheap restaurant.

Economical

Careful with money so as not to spend too much; prudent; thrifty.
He was an economical person by nature.

Cheap

Obtainable at a low rate of interest. Used especially of money.

Economical

Saving money or resources.
The new, eco-friendly bicycle was an economical purchase.

Cheap

Devalued, as in buying power
Cheap dollars.

Economical

(dated) Relating to economy in any other sense.

Cheap

Achieved with little effort
A cheap victory.
Cheap laughs.

Economical

Using the minimum of time or resources necessary for effectiveness;
An economic use of home heating oil
A modern economical heating system
An economical use of her time

Cheap

Of or considered of small value
In wartime, when life was cheap.

Economical

Of or relating to an economy, the system of production and management of material wealth;
Economic growth
Aspects of social, political, and economical life

Cheap

Of poor quality; inferior
A cheap toy.

Economical

Avoiding waste;
An economical meal
An economical shopper
A frugal farmer
A frugal lunch
A sparing father and a spending son
Sparing in their use of heat and light
Stinting in bestowing gifts
Thrifty because they remember the great Depression
`scotch' is used only informally

Cheap

Worthy of no respect; vulgar or contemptible
A cheap gangster.

Cheap

Stingy; miserly.

Cheap

Inexpensively
Got the new car cheap.

Cheap

(obsolete) Trade; traffic; chaffer; chaffering.

Cheap

(obsolete) A market; marketplace.

Cheap

Price.

Cheap

(obsolete) A low price; a bargain.

Cheap

Cheapness; lowness of price; abundance of supply. en

Cheap

Low and/or reduced in price.

Cheap

Of poor quality.

Cheap

Of little worth.

Cheap

Underhand or unfair.
The cheap trick of hiding deadly lava under pushable blocks

Cheap

Stingy; mean; excessively frugal.
Insurance is expensive, but don't be so cheap that you risk losing your home because of a fire.

Cheap

(finance) Trading at a price level which is low relative to historical trends, a similar asset, or (for derivatives) a theoretical value.
The ETF is trading cheap to NAV right now; we can arb this by buying the ETF and selling the underlying constituents.

Cheap

To trade; traffic; bargain; chaffer; ask the price of goods; cheapen goods.

Cheap

To bargain for; chaffer for; ask the price of; offer a price for; cheapen.

Cheap

To buy; purchase.

Cheap

To sell.

Cheap

Cheaply.

Cheap

A bargain; a purchase; cheapness.
The sack that thou hast drunk me would have bought me lights as good cheap at the dearest chandler's in Europe.

Cheap

Having a low price in market; of small cost or price, as compared with the usual price or the real value.
Where there are a great sellers to a few buyers, there the thing to be sold will be cheap.

Cheap

Of comparatively small value; common; mean.
You grow cheap in every subject's eye.

Cheap

Cheaply.

Cheap

To buy; to bargain.

Cheap

Relatively low in price or charging low prices;
It would have been cheap at twice the price
Inexpensive family restaurants

Cheap

Tastelessly showy;
A flash car
A flashy ring
Garish colors
A gaudy costume
Loud sport shirts
A meretricious yet stylish book
Tawdry ornaments

Cheap

Of very poor quality

Cheap

Embarrassingly stingy

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