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Affordability: meaning, definitions and examples

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affordability

 

[ əˌfɔːrdəˈbɪləti ]

Noun
Context #1 | Noun

financial

The quality of being affordable; the extent to which something is within the financial means of a person or company.

Synonyms

accessibility, economicalness, reasonableness

Examples of usage

  • The affordability of housing in the city is a major concern for many residents.
  • The company's success is partially attributed to the affordability of its products.
Context #2 | Noun

economic

The ability to be purchased or paid for; the financial resources available for a purchase.

Synonyms

attainability, feasibility, manageability

Examples of usage

  • The affordability of healthcare is a critical issue in many countries.
  • The government aims to improve the affordability of education for all citizens.

Translations

Translations of the word "affordability" in other languages:

🇵🇹 acessibilidade

🇮🇳 सस्ती दर

🇩🇪 Erschwinglichkeit

🇮🇩 keterjangkauan

🇺🇦 доступність

🇵🇱 przystępność cenowa

🇯🇵 手頃さ

🇫🇷 abordabilité

🇪🇸 asequibilidad

🇹🇷 uygun fiyatlılık

🇰🇷 가격 적정성

🇸🇦 القدرة على تحمل التكاليف

🇨🇿 dostupnost

🇸🇰 dostupnosť

🇨🇳 可负担性

🇸🇮 dostopnost

🇮🇸 á viðráðanlegu verði

🇰🇿 қолжетімділік

🇬🇪 ხელმისაწვდომობა

🇦🇿 əlçatanlıq

🇲🇽 asequibilidad

Etymology

The word 'affordability' originated in the late 18th century, derived from the verb 'afford', meaning 'to have enough money to pay for'. It gained popularity in the context of financial and economic discussions, highlighting the importance of accessibility and feasibility in relation to costs and resources.

See also: affordable, affordably, unaffordable.

Word Frequency Rank

Positioned at #23,765, this word is part of extensive vocabulary. It's relatively rare in general usage but may be important in specific fields or formal writing.