Longman Dictionary of Contemporary English homepage

purchasing power

 noun
     
Related topics: Business Basics
purchasing power [uncountable]
1BB the amount of money that a person or group has available to spend:
increases in purchasing power
2PEC the amount that a unit of money can buy:
The purchasing power of the local currency has halved.
Definition from the Longman Dictionary of Contemporary English
Advanced Learner's Dictionary.

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