Costing the least amount of money, or having the lowest price among available options.
Superlative form of 'cheap', from Old English 'cēap' meaning 'bargain, trade, market'. Originally meant 'good value' rather than 'low quality', related to 'chapman' (merchant) and place names like Cheapside.
The word 'cheap' originally had positive connotations of good value for money, but developed negative associations with poor quality over time. The phrase 'cheap as chips' comes from the fact that potato chips (fries) were historically one of the most affordable foods in Britain.
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