PURCHASING POWER OF MONEY AND REAL WAGES: ESSENCE, DIFFERENCES, AND INTERRELATIONSHIP
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Keywords

purchasing power, real wage, inflation, nominal wage, consumer price index, living standard.

How to Cite

Jo‘rayeva Mehriniso, & Xolto‘rayev Islom. (2026). PURCHASING POWER OF MONEY AND REAL WAGES: ESSENCE, DIFFERENCES, AND INTERRELATIONSHIP. Journal of Technology and Innovative Research, 1(5), 35-42. https://innopublication.com/index.php/jtir/article/view/656

Abstract

This article examines the economic essence of purchasing power and real wages, their relationship and differences. The importance of these indicators in assessing the living standards of the population is highlighted. The study also discusses why these concepts are often confused in society and the consequences of such misunderstanding using practical examples. The findings indicate that purchasing power depends on the general price level, while real wages reflect the combined impact of employee income and price changes.

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