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What is purchasing power?

What is purchasing power? Here are some definitions.

Noun
  1. (economics) The amount of goods and services that can be bought with a unit of currency.
  2. (economics) The amount of goods and services that can be bought by consumers; available income; spending power
  3. (business) The ability of a large collective or company to negotiate more favourable prices and terms than a smaller group or company.
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Examples
Increased peasant purchasing power would then fuel the growth of industry as it responded to increased demand.
Whether the goody-goody Gibson girl or the dancing flapper, the single woman finally had purchasing power.
However, increased supply and a slowing international environment will reduce purchasing power and dampen demand as the year goes on.
It confuses a shift in purchasing power with a net increase of it, wage rates with wage payments.
Or, said another way, does the depositor maintain a financial asset that functions as money, securing purchasing power?
Be aware of your purchasing power and remind the lender that other competitors are keen for your business.

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