The quality or state of being cheap; low price or low quality; stinginess or meanness.
Cheap plus -ness, an abstract noun-forming suffix that creates nouns expressing qualities or states. This is one of the most common ways English creates abstract nouns from adjectives.
The -ness suffix is so productive in English that you can technically add it to almost any adjective and create a valid word, even if it's never been used before—try 'grayness' or 'purpleness,' and English speakers instantly understand you.
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