Usually means: Efficiency of outcomes relative to expenditures.
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We found 13 dictionaries that define the word cost-effectiveness:

General (10 matching dictionaries)
  1. cost-effectiveness: Merriam-Webster
  2. cost-effectiveness: Oxford Learner's Dictionaries
  3. cost-effectiveness, cost-effectiveness: Collins English Dictionary
  4. Cost-Effectiveness, Cost-effectiveness, cost-effectiveness: Wordnik
  5. cost-effectiveness: Wiktionary
  6. cost-effectiveness: Dictionary.com
  7. Cost-effectiveness: Wikipedia, the Free Encyclopedia
  8. cost-effectiveness: TheFreeDictionary.com

Business (1 matching dictionary)
  1. MoneyGlossary.com (No longer online)

Medicine (1 matching dictionary)
  1. cost-effectiveness: Medical dictionary

Tech (1 matching dictionary)
  1. Cost-Effectiveness: Glossary of Air Pollution Terms

(Note: See cost-effective as well.)

Definitions from Wiktionary (cost-effectiveness)

noun:  The property of being cost-effective.

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