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English definition of “buying power”

buying power

noun [U]
 
 
ECONOMICS, FINANCE
the ability of a person, group, or company to buy things, or the amount of money they have available to spend: Any rival is unlikely to touch the buying power of such a large corporation.
the amount of goods or services that money can buy: Increasing your contributions by 5% a year will double the buying power of your pension. The buying power of the British pound has rarely been stronger.
(Definition of buying power from the Cambridge Business English Dictionary © Cambridge University Press)
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