Definition of Affordability:

  1. Ability to be afforded; inexpensiveness.

  2. Conclusion drawn from the analysis of the life cycle cost of a proposed acquisition, that the purchase is in accord with the resources and long term requirements of the acquirer.

How to use Affordability in a sentence?

  1. The rapid spread and increasing affordability of wireless communication.
  2. The affordability of the new computers made the decision easy with regards to upgrading the entire companys computer hardware for optimal employee production.
  3. I have thought long and had about buying a new house, but the timing of the purchase depends on the affordability of the house.
  4. You need to make sure that your product has affordability so that people can see that there is strong value in it.

Meaning of Affordability & Affordability Definition