purchasing power
pur
ˈpɜ:
cha
ʧɪ
chi
sing
sɪng
sing
power
paʊər
pawēr
British pronunciation
/pˈɜːtʃɪsɪŋ pˈaʊə/

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

example
Examples
Higher wages increase your purchasing power, allowing you to buy more.
LanGeek
Download LanGeek app
langeek application

Download Mobile App

stars

app store