Laxi Dictionary

English Dictionary

Define dictionary terms easily in our powerful online English dictionary.

Searching for...

No matching words found

Try a different search term or browse the dictionary

Definition purchasing power in British English

purchasing power noun

[uncountable] noun
/ˈpɜː(r)tʃəsɪŋ ˌpaʊə(r)/
1

the ability of people to buy goods and services, usually based on how much they earn and save

Example

The purchasing power of teenagers has increased enormously.

Synonyms and related words
wealth fortune prosperity
2

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

Example

the fall in purchasing power of the Mexican peso

Synonyms and related words
a run on something base currency basket
Definition purchasing power in British English