Purchasing power parity (PPP) refers to the level of equality in prices of goods and services between different countries. It is an important economic concept that helps to determine the true value of a country's currency. However, there are several synonyms that can be used to describe purchasing power parity. These include currency equality, exchange rate equivalence, cost of living adjustment, and international price comparison. All of these terms highlight the idea that PPP is a measurement of the relative value of currencies in different countries. By understanding these synonyms, individuals can better grasp the importance of PPP and its impact on international trade and financial markets.