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- DictionaryPur·chas·ing pow·er
noun
- 1. the financial ability to buy products and services.
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noun
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Number and quality or value of goods and services that can be purchased with a unit of currency
Purchasing power is the amount of goods and services that can be purchased with a unit of currency. For example, if one had taken one unit of currency to a store in the 1950s, it would have been possible to buy a greater number of items than would be the case today, indicating that the currency had a greater purchasing power in the 1950s. If one's monetary income stays the same but the price level... Wikipedia