Fordable Meaning: Definition, Examples, and Translations
๐ฐ
fordable
[ษหfษหrdษbl ]
Definition
financial context
Affordable refers to something that is reasonably priced, allowing individuals or groups to purchase or access it without significant financial burden. It is commonly used to describe goods or services that are within the budget of most consumers.
Synonyms
budget-friendly, cost-effective, inexpensive, reasonable.
Examples of usage
- Many families are looking for affordable housing options.
- The store offers a wide range of affordable products.
- Finding affordable healthcare is essential for many individuals.
Translations
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Origin of 'fordable'
The term 'affordable' is derived from the verb 'afford,' which originated in the late 14th century from the Old English word 'forรฐ' meaning 'forward' or 'away.' The prefix 'a-' indicates capability or possibility. Over time, 'afford' evolved to mean having the means or ability to undertake a certain expense. The adjective 'affordable' emerged in the mid-20th century as a way to describe products or services that are attainable for the average consumer, especially as consumer culture and economic conditions became more prominent in society. It reflects the growing importance of accessibility in economic discussions, particularly in sectors such as housing, education, and healthcare.