What is the definition of purchasing power?This concept is important in economics, as it has an impact on consumer spending, investment decision-making, and a country’s economic growth. This power takes into account the inflation rate that is calculated by The Bureau of Labor Statistics because...
The meaning of PURCHASING POWER is the amount of money that a person or group has available to spend. How to use purchasing power in a sentence.
The meaning of BUYING POWER is the amount of money that a person or group has available to spend : purchasing power. How to use buying power in a sentence.
Related to purchasing: Purchasing power paritypur·chase (pûr′chĭs) tr.v. pur·chased, pur·chas·ing, pur·chas·es 1. To obtain in exchange for money or its equivalent; buy. 2. To acquire by effort; earn: purchased the victory with the loss of many lives. 3. To pull or ...
PURCHASING POWER meaning: 1 : the amount of money that a person or group has available to spend; 2 : the value of money thought of as how much it can buy
1.(Economics) purchasing power parity: a rate of exchange between two currencies that gives them equal purchasing powers in their own economies 2.(Commerce) private-public partnership: an agreement in which a private company commits skills or capital to a public-sector project for a financial ret...
The cost of houses has risen faster than purchasing power. Definitions on the go Look up any word in the dictionary offline, anytime, anywhere with theOxford Advanced Learner’s Dictionaryapp. the amount that a unit of money can buy ...
Understanding the Law of One Price The law of one price is the foundation ofpurchasing power parity. Purchasing power parity states that the value of two currencies is equal when a basket of identical goods is priced the same in both countries. It ensures that buyers have the same purchasing...
Purchasing power measures the value of money through the amount of goods and services that can be purchased from one monetary unit. Learn about the definition of purchasing power and the purchasing power parity theory, as well as the two price level types within the purchase power parity. Purc...
but not purchasable, because of thelackofpurchasing poweramong thepopulation.•But smallerdeficitsbrought on either by spendingcutsor higher taxesreducepurchasing power.•TheaverageMexicanemployee'spurchasing poweris still relativelylowcomparedwithU.S. workers.•Thepurchasing powerof thedollarhas declined...