What is meant by the purchasing power?

What is meant by the purchasing power?

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.

What is the synonym of purchasing?

Synonyms & Near Synonyms for purchase. deal, sale, trade, transaction.

Is there another word for power?

Some common synonyms of power are authority, command, control, dominion, jurisdiction, and sway. While all these words mean “the right to govern or rule or determine,” power implies possession of ability to wield force, authority, or influence.

What is another word for money power?

money belt, purse strings, power of the purse, financial control.

What is meant by spending power?

spending power. noun [ U ] ECONOMICS. the degree to which people have money to buy products and services: The growth in employment and wages gives consumers some spending power to absorb the higher cost of energy.

What does high purchasing power mean?

A higher real income means a higher purchasing power since real income refers to the income adjusted for inflation. Traditionally, the purchasing power of money depended heavily upon the local value of gold and silver, but was also made subject to the availability and demand of certain goods on the market.

Is procurement another word for purchasing?

What does procurement mean? Procurement most commonly refers to the formal, official process of purchasing and obtaining materials, supplies, or equipment, especially in the context of business or government.

What is the synonym of consumer?

In this page you can discover 21 synonyms, antonyms, idiomatic expressions, and related words for consumer, like: buyer, purchaser, give, eater, client, shopper, used, marketer, user, supplier and customer.

What is another word for power or control?

Some common synonyms of control are authority, command, dominion, jurisdiction, power, and sway.

What word goes with power?

According to the algorithm that drives this word similarity engine, the top 5 related words for “power” are: strength, influence, ability, might, and capacity.

What is another word for great power?

What is another word for great power?

What is the power of money?

Money makes possible that integration by facilitating inter-convertibility of one form of social power into all other forms. Society: Ultimately, money comes to represent the overall power of society to achieve its varied goals in all spheres of life. Without money, modern society is inconceivable.

What is a lot of wealth called?

fortune. noun. a very large amount of money.

What are wealth words?

wealth

• assets,
• capital,
• fortune,
• means,
• opulence,
• riches,
• substance,
• wherewithal,

What is purchasing power of customers?

Consumer purchasing power measures the value in money for which consumers may purchase goods or services. Tied to the Consumer Price Index, or the Cost of Living Index as it is also known in the United States, consumer purchasing power indicates the degree to which inflation affects consumers’ ability to buy.

Is spending power the same as purchasing power?

While these elements are related, they are not the same. Consumer buying power refers to how much money a consumer has to spend, while consumer purchasing power refers to how far that money will go.

What is local purchasing power?

Local purchasing power shows the relative purchasing power in buying goods and services in a given location for the average wage in that location.

What is an example of purchasing power?

Let’s assume $1 bought 1.50 gallons of gas in 1987. Today, $1 buys about half a gallon. This is an example of the change in the purchasing power of the American dollar.

How do you use purchasing power in a sentence?

(1) They get away with murder because of their buying power. (2) By using critical mass and monolithic buying power, we can change the way we do business. (3) For one thing, in terms of buying power, Congress is probably more poorly paid today than it has ever been.

What is GDP and PPP?

Long definition. GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States.