Meaning of the word affordability in English

What does affordability mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

affordability

US /əˌfɔːr.dəˈbɪl.ə.ti/
UK /əˌfɔːr.dəˈbɪl.ə.ti/
"affordability" picture

Noun

1.

the extent to which something is affordable; the amount of money that people have available to spend on something

Example:
The government is focused on improving housing affordability.
The high cost of living affects the affordability of basic necessities.
Learn This Word at Lingoland
Related Word: