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33 relations: Adam Smith, Balance transfer, Big Mac Index, Carrying capacity, Collective buying power, Commodity money, Constant purchasing power accounting, Consumer price index, Consumerism, Consumption (economics), Currency, Fair trade, Fiat money, Free trade, Gold, Government agency, Group buying, Group purchasing organization, Inflation, Labour economics, Measuring economic worth over time, Money, Oil burden, Pound sterling, Present value, Price index, Price level, Purchasing power parity, Real income, Secondary market, Silver, United States dollar, Wolfram Demonstrations Project.
Adam Smith
Adam Smith (16 June 1723 NS (5 June 1723 OS) – 17 July 1790) was a Scottish economist, philosopher and author as well as a moral philosopher, a pioneer of political economy and a key figure during the Scottish Enlightenment era.
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Balance transfer
A balance transfer is the transfer of (part of) the balance (either of money or credit) in an account to another account, often held at another institution.
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Big Mac Index
The Big Mac Index is published by The Economist as an informal way of measuring the purchasing power parity (PPP) between two currencies and provides a test of the extent to which market exchange rates result in goods costing the same in different countries.
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Carrying capacity
The carrying capacity of a biological species in an environment is the maximum population size of the species that the environment can sustain indefinitely, given the food, habitat, water, and other necessities available in the environment.
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Collective buying power
Collective buying power is a coming together of a group of consumers and the use of the old rule of thumb, there's power in numbers, to leverage the group size in exchange for discounts.
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Commodity money
Commodity money is money whose value comes from a commodity of which it is made.
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Constant purchasing power accounting
Constant purchasing power accounting (CPPA) is an accounting model approved by the International Accounting Standards Board (IASB) as an alternative to traditional historical cost accounting under hyper-inflationary environments.
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Consumer price index
A consumer price index (CPI) measures changes in the price level of of and purchased by households.
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Consumerism
Consumerism is a social and economic order and ideology that encourages the acquisition of goods and services in ever-increasing amounts.
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Consumption (economics)
Consumption is the process in which consumers (customers or buyers) purchase items on the market.
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Currency
A currency (from curraunt, "in circulation", from currens, -entis), in the most specific use of the word, refers to money in any form when in actual use or circulation as a medium of exchange, especially circulating banknotes and coins.
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Fair trade
Fair trade is a social movement whose stated goal is to help producers in developing countries achieve better trading conditions.
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Fiat money
Fiat money is a currency without intrinsic value that has been established as money, often by government regulation.
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Free trade
Free trade is a free market policy followed by some international markets in which countries' governments do not restrict imports from, or exports to, other countries.
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Gold
Gold is a chemical element with symbol Au (from aurum) and atomic number 79, making it one of the higher atomic number elements that occur naturally.
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Government agency
A government or state agency, sometimes an appointed commission, is a permanent or semi-permanent organization in the machinery of government that is responsible for the oversight and administration of specific functions, such as an intelligence agency.
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Group buying
Group buying, also known as collective buying, offers products and services at significantly reduced prices on the condition that a minimum number of buyers would make the purchase.
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Group purchasing organization
In the United States, a group purchasing organization (GPO) is an entity that is created to leverage the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members.
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Inflation
In economics, inflation is a sustained increase in price level of goods and services in an economy over a period of time.
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Labour economics
Labour economics seeks to understand the functioning and dynamics of the markets for wage labour.
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Measuring economic worth over time
The measurement of economic worth over time is the problem of relating past prices, costs, values and proportions of social production to current ones.
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Money
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context.
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Oil burden
Oil burden is the volume of petroleum consumed, multiplied by the average price, and divided by nominal gross domestic product.
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Pound sterling
The pound sterling (symbol: £; ISO code: GBP), commonly known as the pound and less commonly referred to as Sterling, is the official currency of the United Kingdom, Jersey, Guernsey, the Isle of Man, South Georgia and the South Sandwich Islands, the British Antarctic Territory, and Tristan da Cunha.
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Present value
In economics and finance, present value (PV), also known as present discounted value, is the value of an expected income stream determined as of the date of valuation.
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Price index
A price index (plural: “price indices” or “price indexes”) is a normalized average (typically a weighted average) of price relatives for a given class of goods or services in a given region, during a given interval of time.
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Price level
The general price level is a hypothetical daily measure of overall prices for some set of goods and services (the consumer basket), in an economy or monetary union during a given interval (generally one day), normalized relative to some base set.
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Purchasing power parity
Purchasing power parity (PPP) is a neoclassical economic theory that states that the exchange rate between two countries is equal to the ratio of the currencies' respective purchasing power.
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Real income
Real income is income of individuals or nations after adjusting for inflation.
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Secondary market
The secondary market, also called the aftermarket and follow on public offering is the financial market in which previously issued financial instruments such as stock, bonds, options, and futures are bought and sold.
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Silver
Silver is a chemical element with symbol Ag (from the Latin argentum, derived from the Proto-Indo-European ''h₂erǵ'': "shiny" or "white") and atomic number 47.
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United States dollar
The United States dollar (sign: $; code: USD; also abbreviated US$ and referred to as the dollar, U.S. dollar, or American dollar) is the official currency of the United States and its insular territories per the United States Constitution since 1792.
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Wolfram Demonstrations Project
The Wolfram Demonstrations Project is an organized, open-source collection of small (or medium-size) interactive programs called Demonstrations, which are meant to visually and interactively represent ideas from a range of fields.
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Redirects here:
MeasuringWorth, Purchasing power of the dollar.
References
[1] https://en.wikipedia.org/wiki/Purchasing_power
