vásárlóerő-paritás purchasing power parity
| Creator: | |
| Language pair: | Hungarian to English |
| Definition / notes: | The theory that, in the long run, identical products and services in different countries should cost the same. This is based on the belief that exchange rates will adjust to eliminate the arbitrage opportunity of buying a product or service in one country and selling it in another. The theory makes some assumptions that don't hold in the real world, such as ignoring the effects of transportation costs and tariffs. |
| URL: | http://www.investorwords.com |
Your current localization setting
English
Select a language
Close search