Dictionary
The Dictionary provides concise definitions of health economics terms, arranged alphabetically for quick reference. Use it to understand unfamiliar terminology or confirm the meaning of a specific term.
C
- Currency ConversionExchange-Rate Conversion, Currency Translation
- The translation of cost or price data from one national currency into another, typically using exchange rates or purchasing power parity.
P
- Purchasing Power AdjustmentPPP Adjustment, Cross-Country Cost Adjustment
- The conversion of cost data across countries using purchasing power parity rather than market exchange rates, to reflect actual local costs.
- Purchasing Power ParityCommon-Basket Comparison, International Price Comparison
- A method of comparing economic value across countries based on the relative cost of a common basket of goods and services, rather than exchange rates.