Public-private partnership; acronym pronounced by spelling it out.
Update: Also now called P3. Because we need the time saved by eliminating one syllable for something important.
2 Comments
Jim Taylor
It’s also an economic term, now — Purchasing Power Parity, or something like that. Rated in straight (US) dollars, the US is still the world’s largest economy, GDP-wise. Rated in PPP dollars, China has surpassed the US. Or so I’m told.
Ah, Investopedia tells me “Purchasing power parity (PPP) is a popular metric used by macroeconomic analysts that compares different countries’ currencies through a “basket of goods” approach. Purchasing power parity (PPP) allows for economists to compare economic productivity and standards of living between countries.”
Isabel Gibson
Jim – Sigh. This is part of the pernicious problem (yet another PPP?) with acronyms. Is PM preventive maintenance or program manager or program management? And so on, ad irritatum. And obscurity. Best to eschew their use as much as possible.
It’s also an economic term, now — Purchasing Power Parity, or something like that. Rated in straight (US) dollars, the US is still the world’s largest economy, GDP-wise. Rated in PPP dollars, China has surpassed the US. Or so I’m told.
Ah, Investopedia tells me “Purchasing power parity (PPP) is a popular metric used by macroeconomic analysts that compares different countries’ currencies through a “basket of goods” approach. Purchasing power parity (PPP) allows for economists to compare economic productivity and standards of living between countries.”
Jim – Sigh. This is part of the pernicious problem (yet another PPP?) with acronyms. Is PM preventive maintenance or program manager or program management? And so on, ad irritatum. And obscurity. Best to eschew their use as much as possible.