Concept information
Preferred term
PURCHASING POWER
Definition
- The ability of consumers to acquire goods and services based on their possession of money and/or their recourse to credit. Aggregate purchasing power within a market or a national economy reflects total disposable income after taxes, and hence the level of employment. (en)
Broader concept
- SOCIOECONOMICS (en)
Change note
- 2012-06-26 15:02:43.0 [tbs1979] Insert Concept add broader relation (PURCHASING POWER [2bf46486-3004-447e-b2c6-82c4aa13fc11,40037] - SOCIOECONOMICS [a96e6cd6-0f35-491d-8198-7551d03e1cbc,40033]);
- 2012-06-29 12:22:35.0 [tbs1979] insert Definition (id: null text: The ability of consumers to acquire goods and services based on their possession of money and/or their recourse to credit. Aggregate purchasing power within a market or a national economy reflects total disposable income after taxes, and hence the level of employment. language code: en);
URI
https://gcmd.earthdata.nasa.gov/kms/concept/2bf46486-3004-447e-b2c6-82c4aa13fc11
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