Matthew at 23:58, 30 September 2011

2011-09-30T23:58:45Z

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	'''Purchasing power''' is an economic concept which is commonly used to expresses the quantity of goods a certain number of monetary units can obtain in an [[exchange]]. Alternatively, the purchasing power of a good can be seen as equal to the [[money]] it can buy on the market, or in other words its market money price.<ref name="Rothbard_MES">Rothbard, Murray. [http://mises.org/resources.aspx?Id=e8f5e0fa-d5bb-4844-9a4b-831c6a090d9e "Man, Economy and State"], 2004, page 205.</ref> While the purchasing power of money or the monetary unit "~~consists~~ of an array of all the particular goods prices in the society in terms of the unit".<ref name="Rothbard_MES" />		'''Purchasing power''' is an economic concept which is commonly used to expresses the quantity of goods a certain number of monetary units can obtain in an [[exchange]]. Alternatively, the purchasing power of a good can be seen as equal to the [[money]] it can buy on the market, or in other words its market money price.<ref name="Rothbard_MES">Rothbard, Murray. [http://mises.org/resources.aspx?Id=e8f5e0fa-d5bb-4844-9a4b-831c6a090d9e "Man, Economy and State"], 2004, page 205.</ref> While the purchasing power of money or the monetary unit can also been seen as consisting "of an array of all the particular goods prices in the society in terms of the unit".<ref name="Rothbard_MES" />

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2011-09-30T21:47:31Z

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'''Purchasing power''' is an economic concept which is commonly used to expresses the quantity of goods a certain number of monetary units can obtain in an [[exchange]]. Alternatively, the purchasing power of a good can be seen as equal to the [[money]] it can buy on the market, or in other words its market money price.<ref name="Rothbard_MES">Rothbard, Murray. [http://mises.org/resources.aspx?Id=e8f5e0fa-d5bb-4844-9a4b-831c6a090d9e "Man, Economy and State"], 2004, page 205.</ref> While the purchasing power of money or the monetary unit "consists of an array of all the particular goods prices in the society in terms of the unit".<ref name="Rothbard_MES" />

==References==
{{reflist}}

==Links==
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[[Category:Economic concepts]]
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Purchasing power - Revision history

Matthew at 23:58, 30 September 2011

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