purchasing power
nounUK /ˈpɜːtʃɪsɪŋ ˈpaʊə/
US /ˈpɜːrtʃəsɪŋ ˈpaʊər/
The amount of things you can buy with your money.
When prices go up, your purchasing power goes down.
OTHER MEANINGS
2. The value of a currency in terms of what it can buy.
Inflation slowly reduced the purchasing power of the dollar.
3. The ability of a person or group to buy goods and services.
Higher wages gave workers more purchasing power.
4. The financial strength of a business or country to acquire things.
The company's purchasing power let it negotiate lower prices.