What is the definition of Purchasing power parity? | Dictionary.net

PURCHASING POWER PARITY

\pˈɜːt͡ʃɪsɪŋ pˈa͡ʊə pˈaɹɪti], \pˈɜːt‍ʃɪsɪŋ pˈa‍ʊə pˈaɹɪti], \p_ˈɜː_tʃ_ɪ_s_ɪ_ŋ p_ˈaʊ_ə p_ˈa_ɹ_ɪ_t_i]\

Definitions of PURCHASING POWER PARITY

1910 - Black's Law Dictionary (2nd edition)

Sort: Oldest first

A theory stating that purchase power is equal when countries can transport freely capital, goods, services, and labor. Barriers do exist so exchange rates must change longterm to reflect a countries assets.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

Word of the day

Snake's-head

Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.

View More

Nearby Words