ostuvõim

Ostuvõim refers to the purchasing power of an individual or a group within an economy. It represents the quantity of goods and services that can be acquired with a given amount of money. Ostuvõim is influenced by several factors, including income levels, the prices of goods and services, and inflation rates. A higher ostuvõim means consumers can buy more with their money, generally indicating a stronger economy and improved living standards. Conversely, low ostuvõim suggests that consumers can afford fewer goods and services, potentially leading to reduced spending and economic slowdown. Central banks and governments often monitor ostuvõim as an indicator of economic health and to inform policy decisions related to monetary and fiscal measures. Changes in ostuvõim can significantly impact consumer behavior and overall market demand.