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Definitions
Warranty
Economics
Consumer Rights
Market Regulation
A guarantee by the provider of goods or services as to their quality
Read more about Warranty.
Definitions
Wasting Asset
Assets
Depreciation
Economics
An asset which diminishes over time due to usage or time passage
Read more about Wasting Asset.
Definitions
Weak Axiom of Revealed Preference (WARP)
Economics
Microeconomics
Consumer Theory
Revealed Preferences
Utility
A principle in consumer theory ensuring that a consumer's choices are consistent with a utility-maximizing behavior
Read more about Weak Axiom of Revealed Preference (WARP).
Definitions
Weak Stationarity
Econometrics
Time Series
Statistical Analysis
A property of a time series indicating that its mean, variance, and autocovariance structure do not change over time.
Read more about Weak Stationarity.
Definitions
weakening of a currency
Currency
Current Account
Capital Account
Currency Depreciation
A fall in the price of a currency in terms of other currencies.
Read more about weakening of a currency.
Definitions
Wealth
Wealth
Net Assets
Economics
The total value of a person's net assets, including various forms such as money, shares, real estate, and debt instruments.
Read more about Wealth.
Definitions
Wealth Effect
Wealth Effect
Economics
Consumer Behavior
Macroeconomics
The impact of an increase in an individual's total wealth on their level of expenditure and saving patterns.
Read more about Wealth Effect.
Definitions
Wealth Tax
Taxation
Wealth Tax
Public Finance
An entry defining wealth tax and exploring its implications in economics.
Read more about Wealth Tax.
Definitions
Weighted Average
Weighted Average
Statistics
Econometrics
Mathematics
An average giving weights to different numbers in proportion to their importance
Read more about Weighted Average.
Definitions
Weighted Least Squares Estimator
Weighted Least Squares Estimator
Econometrics
Statistical Methods
A comprehensive entry explaining the concept, usage, and analytical frameworks associated with the weighted least squares estimator.
Read more about Weighted Least Squares Estimator.
Definitions
Weights in Index Numbers
Economics
Index Numbers
Consumer Price Index
Weights
Explanation of the term 'weights in index numbers,' its importance, and applications in economics.
Read more about Weights in Index Numbers.
Definitions
Welfare
Economics
Welfare
Utility
Social Welfare
The state of well-being of an individual or a society.
Read more about Welfare.
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Economics Terms Lexicon
Ultimate Dictionary of Economics and Beyond.
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