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Sagot :
Answer: Purchasing power is the value of a currency expressed in terms of the amount of goods or services that one unit of money can buy. Purchasing power is important because, all else being equal, inflation decreases the amount of goods or services you would be able to purchase.
Why should you always consider the opportunity cost when making a significant purchase? Because money spent in one place cannot be spent in another. Considering opportunity cost is just one of the steps needed to have power over purchase.
Explanation:
Making a timeline helps as you can see which products are famous and which one ain’t that famous that people want to buy
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