What Is The Full Form Of PPP?

By | September 24, 2021

What Is The Full Form Of PPP, PPP Full Form?

Full-Form Of PPP, Purchasing Power Parity

what is the Full Form Of PPP, Full Form Of PPP
Full Form Of PPP

Some Details About PPP

Purchasing Power Parity (PPP) is an economic theory and a technique used to determine the relative value of different currencies. Purchasing Power Parity theory states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries. PPP compares different countries’ currencies through a market “basket of goods” approach.

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