purchasing power
Pronunciation
/pˈɜːtʃɪsɪŋ pˈaʊɚ/

Definition & Meaning of "purchasing power"in English

Purchasing power
01

the ability of a person or group to buy goods and services, typically measured by income and the cost of living

Grammatical Information
Animacy status
Abstract
Composition
Compound
Uncountable
Plural form
purchasing powers
Examples
Higher wages increase your purchasing power, allowing you to buy more.
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