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What does low-cost mean?

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

Adjective
  1. low in price
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Examples
He is also calling for a new national health exchange that is supposed to somehow offer low-cost, high-quality health care plans.
We were able to get low-cost loans out to tens of thousands of small businesses.
However, I don't think a few low-cost ads on Prime TV are going to do the job alone.
The weak dollar makes low-cost, high-quality red Burgundy virtually impossible to find.
They take their daughter to a low-cost clinic for the poor that they heard about from a friend.
One of the great Mediterranean cities can now be reached with low-cost airline Jet2, by passengers flying from Yorkshire.

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