Cheapo and Low-cost

Cheapo adjective - Costing little.

Low-cost and cheapo are semantically related in inexpensive topic. In some cases you can use "Low-cost" instead an adjective "Cheapo".

Low-cost adjective - That you have the financial means for.

Cheapo and low-cost are semantically related in cheap topic. You can use "Cheapo" instead an adjective phrase "Low-cost".