Definition of Affordability:
Ability to be afforded; inexpensiveness.
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?
- The rapid spread and increasing affordability of wireless communication.
- The affordability of the new computers made the decision easy with regards to upgrading the entire companys computer hardware for optimal employee production.
- I have thought long and had about buying a new house, but the timing of the purchase depends on the affordability of the house.
- 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