The Purchasing power reference article from the English Wikipedia on 24-Apr-2004 (provided by Fixed Reference: snapshots of Wikipedia from wikipedia.org)

Purchasing power

In Economics, Purchasing power refers to the amount of goods and services a given amount of money can buy.

If money income stays the same, but the price of one good goes up, the effective purchasing power falls, and vice versa.

Purchasing power is linked with Inflation.

This is the "Purchasing power" reference article from the English Wikipedia. All text is available under the terms of the GNU Free Documentation License. See also our Disclaimer.