What does "cheap" mean?

Cheap: Having a low price in market; of small cost or price, as compared with the usual price or the real value. Where there are a great sellers to a few buyers, there the thing to be sold will be cheap. Locke.

Additional senses

  1. 2.Of comparatively small value; common; mean. You grow cheap in every subject's eye. Dryden. Dog cheap, very cheap, -- a phrase formed probably by the catachrestical transposition of good cheap. [Colloq.]
  2. 3.Cheaply. Milton.
  3. 4.To buy; to bargain. [Obs.] Chaucer.

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