Hankintaverkostot
Hankintaverkostot, also known as purchasing power parity (PPP), is a method used to compare the purchasing power of different currencies. It adjusts the exchange rate between two currencies to reflect the relative cost of a basket of goods and services in each country. This adjustment is crucial for understanding the true value of a currency and for making international comparisons of living standards and economic performance.
The concept of PPP was first introduced by the British economist Sir Richard Stone in 1907. It
PPP is widely used in international economics and finance. It provides a more accurate measure of a
However, PPP has its limitations. It assumes that the basket of goods and services is the same
Despite these limitations, PPP remains an important tool for understanding the true value of a currency and