Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Buying Power

The inverse of cost of living. COST OF LIVING is the cost of purchasing goods and services, as determined by the demand and supply of goods, services, and property. For example, if the cost of living is 10% higher in an area, the buying power is approximately 10% less in that area.
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