purchasing power parity
Economics
noun
Parity between two currencies at a rate of exchange that gives each currency exactly the same purchasing power in its own economy; also attributive in purchasing power parity theory.
Origin
Early 20th century.
| 单词 | purchasing power parity |
| 释义 | purchasing power parityEconomics noun Parity between two currencies at a rate of exchange that gives each currency exactly the same purchasing power in its own economy; also attributive in purchasing power parity theory. Origin |
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