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.

Which Synonym Should You Choose?

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Word Description / Examples
affordability

Used when referring to how easy it is to purchase or pay for something, especially within one's budget.

  • The affordability of housing is a significant issue in many urban areas
  • The new policy aims to improve the affordability of healthcare
accessibility

Used when talking about how easy it is to reach, enter, or use something, often related to services, facilities, or information.

  • Improving website accessibility for people with disabilities is crucial
  • The new laws enhance the accessibility of public transportation
reasonableness

Used to describe something as being within the limits of what is fair or sensible, often regarding price, demands, or conditions.

  • The reasonableness of the lawyer's fees is being questioned
  • The reasonableness of their proposal made negotiation easier
economicalness

Refers to how economical or cost-effective something is. It is not commonly used in everyday language and might sound technical or formal.

  • The economicalness of electric vehicles makes them an attractive option
  • Investors are more interested in the economicalness of the overall project

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.

Which Synonym Should You Choose?

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Word Description / Examples
affordability

Used when discussing whether something is within someone's financial means. It often relates to the cost and economic accessibility of goods or services.

  • The affordability of housing in this area is a major concern for many families
  • The government needs to address the affordability of healthcare
attainability

Best used when talking about whether something can be achieved or reached, often considering effort, resources, and limitations beyond just financial aspects.

  • The attainability of her goals is questionable given the current circumstances
  • He questioned the attainability of a work-life balance in his demanding job
manageability

Relates to how easily something can be controlled, handled, or managed. This term often applies to tasks, responsibilities, situations, and sometimes in the context of handling emotions or stress.

  • The manageability of these new responsibilities is causing concern among the team members
  • He was praised for the manageability of the complex project
feasibility

Refers to whether a plan, idea, or project is practical and possible to implement. It considers aspects such as practicality, ease of implementation, and potential obstacles.

  • We need to conduct a study to determine the feasibility of this project
  • The feasibility of starting a new business in this economic climate is debatable

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.