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Purchasing Power

Purchasing power refers to the amount of goods and services that can be purchased with a given amount of money. It is influenced by the overall level of prices in the economy and the amount of money people have to spend. Continue Reading Below  

About Purchasing Power

Purchasing power refers to the amount of goods and services that can be purchased with a given amount of money. It is influenced by the overall level of prices in the economy and the amount of money people have to spend. A person with high purchasing power will be able to buy more goods and services for the same amount of money than someone with low purchasing power.
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