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Alinara [238K]
3 years ago
15

Formulas for comparing sale ties and buying power in a city

Business
1 answer:
Amiraneli [1.4K]3 years ago
4 0

Answer:

Buying Power = Cash / Initial Margin Percentage

Explanation:

Buying power represents the actual will of the consumer to purchase goods. It is the sum of money which is available to the consumer in a city for purchase of goods and services. The consumer utility can be driven by purchasing power. It determines the ability of the people in a city or country to invest in the country's Gross Domestic Product.

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