Difference between Cheap and Twopenny Halfpenny

CHEAP vs TWOPENNY HALFPENNY: NOUN

A bargain; a purchase; cheapness.
A market; marketplace.
A low price; a bargain.
Literally, great or large market-trade, An abundant supply; cheapness.
In abundant supply; at a low price; cheap: used adjectively or adverbially. [Now simply cheap. See cheap, a.]
Cheapness; lowness of price; abundance of supply.
A low price; a bargain: especially in the phrases good cheap and great cheap (see below).
Trade; traffic; chaffer; chaffering.
A market; a market-place: in this sense extant in several place-names, as Cheapside and Eastcheap in London, Chepstow, etc.
Price.

Stingy; miserly.
Worthy of no respect; vulgar or contemptible.
Of poor quality; inferior.
Achieved with little effort.
Devalued, as in buying power.
Obtainable at a low rate of interest. Used especially of money.
Charging low prices.
Relatively low in cost; inexpensive or comparatively inexpensive.
Tastelessly showy
Of very poor quality
Embarrassingly stingy
Of or considered of small value.
Relatively low in price or charging low prices
Of very poor quality; flimsy
Frugal; stingy
Underhand; dubious.
Of little worth.
Of poor quality.
Low and/or reduced in price.
Very cheap, -- a phrase formed probably by the catachrestical transposition of good cheap. [Colloq.]
Having a low price in market; of small cost or price, as compared with the usual price or the real value.
Of comparatively small value; common; mean.

Of small intrinsic value or esteem; common; commonplace; mean; costing little effort to obtain, practise, influence, etc.: as, to make one's self cheap.
Flimsy
Rated at a low price or cost; purchasable or obtainable at a low price or cost, either as compared with the usual price or cost, or with the real value, or, more vaguely, with the price of other things; relatively inexpensive.
To sell.
To buy; purchase.
To bargain for; chaffer for; ask the price of; offer a price for; cheapen.
To trade; traffic; bargain; chaffer; ask the price of goods; cheapen goods.
Getting off cheaply, or without losing much (or so much as one deserves): as, to be cheap o′ t.
(idiom) (cheap at twice the price) Extremely inexpensive.
(idiom) (on the cheap) By inexpensive means; cheaply.

Sleazy, Tinny, Garish, Chintzy, Cheesy, Tasteless, Gimcrack, Inferior, Flashy, Trashy, Tacky, Crummy, Bargain, Affordable, Inexpensive

Crocus, Cheap, Bonnet, Cart, Djinn, Collie, Claymore, Ales, Tuppenny, Cent, Shilling, Crown, Penny, Threepenny, Sixpenny

Sleazy, Tinny, Garish, Chintzy, Cheesy, Tasteless, Gimcrack, Inferior, Flashy, Trashy, Tacky, Crummy, Bargain, Affordable, Inexpensive

Crocus, Collie, Claymore, Cheap, Cart, Cambric, Cabbage, Bottle, Booby, Bonnet, Cent, Threepenny, Sixpenny, Penny, Crown

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