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  • Purchasing power (General concept)

Definition: Purchasing power

General concept

The term "purchasing power" can have two distinct meanings:
 - The ability to purchase, generally measured by income.
 - The value of a particular monetary unit in terms of the goods or services that can be purchased with it.
Source:
Eurostat, "Consumers in Europe, Facts and Figures. Data 1999 - 2004", Office for Official Publications of the European Communities, Luxembourg, 2005
Created:
2005-10-28
Updated:
2019-05-10

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