Definition of the word purchasing power

Pronunciation of vocabulary purchasing power

purchasing powernoun

sức mua

/ˈpɜːtʃəsɪŋ paʊə(r)//ˈpɜːrtʃəsɪŋ paʊər/

Origin of the word purchasing power

The term "purchasing power" refers to the amount of goods or services that an individual or household can obtain with a certain amount of currency in a specific economy. It is a measure of the real value of money and is influenced by several factors such as inflation, wages, prices of goods and services, and exchange rates. In simple terms, purchasing power represents theCan you buy more or less with a given amount of money now than you could in the past or will be able to in the future? The concept of purchasing power helps individuals, businesses, and governments make informed decisions about saving, spending, investing, and managing their economies.

Example of vocabulary purchasing powernamespace

meaning

money that people have available to buy goods with

tiền mà mọi người có sẵn để mua hàng hóa

  • The cost of houses has risen faster than purchasing power.

    Giá nhà tăng nhanh hơn sức mua.

meaning

the amount that a unit of money can buy

số lượng mà một đơn vị tiền có thể mua được

  • the peso’s purchasing power

    sức mua của đồng peso

Words, synonyms, related vocabulary purchasing power

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