Cheaply produced lace? (10)
I believe the answer is:
shoestring
This clue is a double definition.
'cheaply produced' is the first definition.
(as in a shoestring budget)
'lace?' is the second definition.
(shoestring is a kind of lace)
(Other definitions for shoestring that I've seen before include "Barely sufficient funds" , "A minimum of money" , "for securing a trainer?" , "Very little money" , "Lace" .)