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The Evolution of the Purchasing Power in Corelation with the Prices

Author

Listed:
  • Cazan Doinita

    („Dunarea de Jos” University of Galati)

  • Cucos Alina-Florentina

    („Dunarea de Jos” University of Galati)

Abstract

The most important criterion used in Romania to assess the buying power is the average wage, also an accurate indicator of the general evolution of the state's economy. The economic crisis and the overall decrease of earned salaries, for both private and public sectors, deeply affects the way the consumption costs for Romanian families evolve.After two decades of economic reform, Romania is still among the last countries in the European Union, regarding the quality of life and the access of people to goods and services necessary for normal standards of living in modern societies.

Suggested Citation

  • Cazan Doinita & Cucos Alina-Florentina, 2011. "The Evolution of the Purchasing Power in Corelation with the Prices," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 311-313, May.
    • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:311-313
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    More about this item

    Keywords

    purchasing power; inflation; salary; consumer price.;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth

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