PURCHASING POWER Definition

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PURCHASING POWER is the value of a particular monetary unit in terms of the amount of goods or services that can be purchased with it, i,e, the ability to purchase, generally measured by income.

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OPERATING REVENUE is that revenue realized from the day-to-day operations of the entity, e.g., sales revenue.

PROFIT is the excess of revenues over outlays in a given period of time (including depreciation and other non-cash expenses).

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