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

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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.