Encyclopedia > Purchasing power

Article Content

Purchasing power

In Economics, Purchasing power refers to the amount of goods and services a given amount of money can buy.

If money income stays the same, but the price of one good goes up, the effective purchasing power falls, and vice versa.

Purchasing power is linked with Inflation.

All Wikipedia text is available under the terms of the GNU Free Documentation License

Search Encyclopedia

Search over one million articles, find something about almost anything!

Featured Article

Sanskrit language

... strict esthetic rules and gave rise to considerable literature of drama in poetry and prose. The oldest Vedic version is associated with the Aryan hordes to arrive in ...