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Academic IELTS (Band 6-7) - Value

Here, you will learn some English words related to Value that are necessary for the Academic IELTS exam.

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Vocabulary for Academic IELTS (6-7)
precious

possessing qualities that make something rare or highly valuable

[Adjective]
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Definition & Meaning of \"precious\"
costly

costing much money, often more than one is willing to pay

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Definition & Meaning of \"costly\"
luxurious

extremely comfortable, elegant, and often made with high-quality materials or features

[Adjective]
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Definition & Meaning of \"luxurious\"
extravagant

costing a lot of money, more than the necessary or affordable amount

[Adjective]
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Definition & Meaning of \"extravagant\"
overpriced

expensive in way that is not reasonable

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Definition & Meaning of \"overpriced\"
high-class

having superior quality, sophistication, or elegance

[Adjective]
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Definition & Meaning of \"high-class\"
lavish

(of people) spending money in an extravagant or generous manner

[Adjective]
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Definition & Meaning of \"lavish\"
affordable

having a price that a person can pay without experiencing financial difficulties

[Adjective]
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Definition & Meaning of \"affordable\"
budget-friendly

affordable or cost-effective, making it suitable for those on a tight budget

[Adjective]
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Definition & Meaning of \"budget-friendly\"
economy

efficient or thrifty in its use of resources, often emphasizing cost savings or reduced waste

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Definition & Meaning of \"economy\"
economic

making the most out of available resources by using them wisely and effectively to achieve the best possible results

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Definition & Meaning of \"economic\"
undervalued

not recognized or priced as highly as it should be, often indicating that it is worth more than its current assessment

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Definition & Meaning of \"undervalued\"
economical

using resources wisely and efficiently and minimizing waste and unnecessary expenses

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Definition & Meaning of \"economical\"
cost-effective

achieving maximum efficiency and results with minimal resources and costs

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Definition & Meaning of \"cost-effective\"
low-budget

characterized by a limited amount of financial resources or funding

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Definition & Meaning of \"low-budget\"
underpriced

priced lower than its perceived or actual value, making it a bargain or a good deal

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Definition & Meaning of \"underpriced\"
to devalue

to reduce the official worth or importance of something

[Verb]
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Definition & Meaning of \"to devalue\"
to undervalue

to underestimate the financial value or worth of as an asset, a company, currency, etc.

[Verb]
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Definition & Meaning of \"to undervalue\"
to depreciate

to diminish in value, especially over time

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Definition & Meaning of \"to depreciate\"
cost-saving

denoting the quality of minimizing expenses or preserving financial resources

[Adjective]
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Definition & Meaning of \"cost-saving\"
prized

considered to be of exceptional worth, importance, or desirability

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Definition & Meaning of \"prized\"
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