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English definition of “purchasing power”

purchasing power

noun [U] uk   us  
A person's purchasing power is their ability to buy goods: The purchasing power of people living on investment income has fallen as interest rates have gone down. the value of money considered as the amount of goods it will buy: The purchasing power of the average hourly wage has risen in the last five years.
(Definition of purchasing power from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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