What is another word for purchasing power?

Pronunciation: [pˈɜːt͡ʃɪsɪŋ pˈa͡ʊə] (IPA)

Purchasing power refers to the ability of an individual or entity to buy goods or services. Some common synonyms for purchasing power include buying power, spending capacity, financial leverage, consumer power, and economic strength. These terms all refer to the ability of a person or organization to make transactions in a market economy. However, they may have slightly different connotations or be used in different contexts. For instance, buying power may emphasize the ability to negotiate favorable prices, while consumer power may focus on the influence consumers have on goods and services being produced and sold. Regardless of the synonym used, purchasing power is an important concept for understanding economic behavior and market dynamics.

What are the hypernyms for Purchasing power?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Famous quotes with Purchasing power

  • Property may be destroyed and money may lose its purchasing power; but, character, health, knowledge and good judgement will always be in demand under all conditions.
    Roger Babson
  • It has now been over 7 years since Congress last raised the minimum wage to its current level of $5.15 per hour. Since that last increase, Congress's failure to adjust the wage for inflation has reduced the purchasing power of the minimum wage to record low levels.
    Jon Corzine
  • If you print money like in Zimbabwe... the purchasing power of money goes down, and the standards of living go down, and eventually, you have a civil war.
    Marc Faber
  • The price of imported oil in the US doubled between summer 2003 and summer 2005, reducing consumers' purchasing power by more than 1 per cent of gross domestic product.
    Martin Feldstein
  • The greatly increased consumption of alcoholic beverages is very largely a direct result of the increased purchasing power created by wartime expenditures.
    William Lyon Mackenzie King

Related words: purchasing power of money, best way to spend money, money, buy things with money, invest money in something, what is the purchasing power of money, what can you do with money

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