An EC meter measures the electrical conductivity of a solution. There is no such thing as a "PPM meter". PPM is
not a measurement.
PPM is a calculation that uses the EC value and it indicates the parts per million of either sodium chloride or potassium chloride that would be needed to have the same level of electrical conductivity as the EC value. When growers use PPM it's a handy way of indicating an EC value but they have to be sure to state whether it's the 500 scale (NaCL) or the 700 scale (potassium chloride).
So what good is EC?
Even though it just measures how well a solution conducts electricity, it's used to indicate the "strength" of a nutrient solution.
Bluelab makes meters for agriculture.
This page is the best description I've seen of EC and PPM.
As other posters have said, if you add more chemicals, EC will tend to go up because electricity can pass through the water more easily when water has chemicals in it. RO water, has no chemicals, has an EC of 0 because no electricity will pass through it.
RO is a good type of water to use as your baseline for mixing nutrients because, as long as your RO unit is working properly, you can be sure that there's are no chemicals in the water.
Tap water can be great to use but tap water will have some level of chemicals and what's in the water can vary. You can get a water quality report from your local water utility and it should tell you what's in the water as well as letting you know if the water source and water quality vary over the course of the year. If the chemical level is OK and if it's pretty stable, tap water can be great for making nutrients.. When mixing nutrients, you should take into account the PPM of the chemicals in your source water so, generally speaking, tap water gets you "free fertilizer"