0 A person's purchasing power is their ability to buy goods:
1 a measure of how much one unit of a particular currency can buy at a particular time:
The purchasing power of the dollar was much greater in the 1960s than now.
It exemplifies the co-operative relationship between private purchasing power and specialist academic knowledge on which orientalist art history depended.
Ideally, the increased purchasing power of what is still a large agricultural sector stimulates further growth in the urban manufacturing and service sectors.
Secondly, with the post-1990 national economic crisis, the real purchasing power of money was drastically eroded by mounting shortages of basic consumer goods.
This may be because changes in the formal tax base do not accurately reflect the effective 'purchasing power' of the local population.
Initial benefits are lower than they would have been otherwise, but later on the nominal value increases with inflation to maintain a constant purchasing power.
The introduction of longterm care allowances creates additional purchasing power.
But with strict wartime controls on the volume of imported consumer goods, the colony's main channel for dissipating surges in local purchasing power was blocked.
Summing up, the introduction of long-term care allowances increased purchasing power on the side of care users.
