buying power

purchasing power

noun
  1. Also called buying power. the ability to purchase goods and services.
  2. the value of money in terms of what it can buy at a specified time compared to what it could buy at some period established as a base: the purchasing power of the dollar.

Origin of purchasing power

First recorded in 1815–25
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018