American Heritage® Dictionary of the English Language, Fourth Edition
- n. The ability to purchase, generally measured by income.
- n. The value of a particular monetary unit in terms of the goods or services that can be purchased with it.
“Mountain View looked like a typical suburban California community-quiet streets, sparkling new office parks, unassuming homes that, because of the unique purchasing power of Silicon Valley residents, probably ran a cool million or more.”
“Yet he accepted this paltry pension of L8. 6s. 8d. in our modern money (of 1900), which, taking the increase in the purchasing power of money at an extreme estimate, would not be more than the equivalent of $4000 now.”
“When people have exhausted their purchasing power on electronic gadgets and labor‑saving devices and art, there isn't much left to dally over except food.”
“For Mummery, hearkening back to Malthus, thought that the cause of depression lay in the fact of excessive saving, in the chronic inability of the business system to distribute enough purchasing power to buy its own products back.”
“In spite of their extraordinary growth record since Deng Xiao Ping opened China in 1978, China's per-capita GDP is just $4,399 $7,481 purchasing power adjusted, less than one-tenth of the $48,157 U.S. level.”
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