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purchasing power

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noun [uncountable] formal purchasing power pronunciation in British English /ˈpɜː(r)tʃəsɪŋ ˌpaʊə(r)/
  1. 1
    the ability of people to buy goods and services, usually based on how much they earn and save

    The purchasing power of teenagers has increased enormously.

  2. 2
    the value of a particular unit of money, measured by how much it can buy

    the fall in purchasing power of the Mexican peso

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