Buying power or purchasing power refers to

1 answer

the amount of goods and services that can be purchased with a given amount of money. It is a measure of how much a consumer's money can buy in comparison to prices in the market. Buying power can be influenced by factors such as inflation, cost of living, and changes in income levels.
Similar Questions
  1. How does inflation affect a person's purchasing power?A. It increases their purchasing power. B. It decreases their purchasing
    1. answers icon 1 answer
  2. What does it mean to develop power over purchase?You have power to purchase whatever you want, and you do so. You are able to
    1. answers icon 1 answer
    1. answers icon 2 answers
  3. If CPI was 108 in 1985 and 130 in 1990 (base year 1982-1984 = 100)-the purchasing power of the dollar would have been the same
    1. answers icon 1 answer
more similar questions