Cost-effective peach chopped up (5)

I believe the answer is:

cheap

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'cost-effective' is the definition.
Both the answer and definition are adjectives.
Maybe you can see a link between them that I can't see?

'peach chopped up' is the wordplay.
'chopped up' is an anagram indicator.
'peach' with letters rearranged gives 'CHEAP'.

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(Other definitions for cheap that I've seen before include "Inexpensive or tastelessy showy" , "Tawdry - inexpensive" , "Second-rate" , "Budget -cheesy" , "A snip" .)

I've seen this clue in The Sun.

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