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Definition 2024

purchasing_power_parity

purchasing power parity

English

Noun

purchasing power parity ‎(uncountable)

(economics) A theory of long-term equilibrium exchange rates based on relative price levels of two countries.

Translations

long-term equilibrium

Chinese:
Mandarin: 購買力平價, 购买力平价 ‎(gòumǎilì píngjià)

Finnish: ostovoimapariteetti
Russian:

Synonyms

PPP (initialism)