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purchasing power

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noun
Also called buying power. the ability to purchase goods and services.
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.
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Origin of purchasing power

First recorded in 1815–25
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022

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