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
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