What is Purchasing Power Parity (PPP) ? | From A Business Professor

Описание к видео What is Purchasing Power Parity (PPP) ? | From A Business Professor

Have you ever wondered why the same item, like a cup of coffee, costs differently in different countries? Or why economists often compare the value of currencies across nations? That’s where Purchasing Power Parity, or PPP, comes into play. In today’s video, we’ll break down what PPP means, how it works, and why it’s important for understanding global economies.

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