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What does cost-effective mean?

Looking for the meaning or definition of the word cost-effective? Here's what it means.

Adjective
  1. Returning a benefit that justifies the initial investment; economical.
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Customised training has taken centre stage as the most cost-effective option.
In many cases, it is more cost-effective to invest your money in a bigger and better-equipped house.
If the third and fourth blocks are closed than the production of electricity will not be cost-effective any more.
This is perhaps the wisest and most cost-effective option in the long run, say sources.
This means thinking on your feet and finding the most cost-effective marketing medium for your product or service.
One of the most efficient and cost-effective approaches to the late payment problem is invoice finance.

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