Low-cost, or affordable, refers to products or services that are priced lower than the average market rate, making them accessible to a wider range of consumers. This pricing strategy is often used by businesses to attract budget-conscious customers, ensuring that essential goods and services are within reach for more people. Affordable options can be found in various sectors, including housing, healthcare, and education. For instance, affordable housing initiatives aim to provide safe and decent living conditions for low-income families, while affordable healthcare programs seek to reduce medical costs for individuals without insurance.