purchasing power

noun

Definition of purchasing power

1 : the amount of money that a person or group has available to spend Inflation decreases consumer purchasing power.
2 : the value of money thought of as how much it can buy a decline in the purchasing power of the dollar

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Cite this Entry

“Purchasing power.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/purchasing%20power. Accessed 10 Aug. 2020.

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