purchasing power; buying power
Meanings
2 senses · 6 examplesnoun
purchasing power (of individuals or organizations)
Refers to the economic capacity of consumers or institutions to buy goods and services. Often used in marketing and economic analysis.
As the economy develops, residents' purchasing power continuously improves.
This city has strong purchasing power, making it suitable for opening high-end shopping malls.
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We need to take measures to enhance the purchasing power of rural residents.
noun
purchasing power of currency; buying power of money
technicalEconomic term referring to the quantity of goods and services that a unit of money can buy. Often discussed in relation to inflation and monetary policy.
Inflation will cause the purchasing power of currency to decline.
Over the past decade, the purchasing power of the RMB has remained relatively stable.
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Rising prices make ordinary people feel that purchasing power is weakening.