widget
Understanding the term 'widget' in economic texts.
Wildcat Strike
An exploration of wildcat strikes, where employees initiate work stoppages without union authorization.
Willingness to Pay
A comprehensive understanding of the term 'Willingness to Pay' in economics, including its definition, historical context, and various analytical frameworks.
Winding Up
Closing down a business, paying off its debts, and distributing remaining assets to shareholders.
Winner’s Curse
The potential financial loss experienced by the winning firm in competitive tendering or auction scenarios due to misestimation of costs or revenues.
Wirtschaftswunder
Referring to the remarkable economic recovery of West Germany post-World War II.
With-Profits Life Insurance
Life insurance where benefits to the policy-holders depend on the financial performance of the fund accumulated from their premiums.
Withholding Tax
A tax levied at a standard rate on all receipts of income from wages or dividends, regardless of the individual’s tax liability.
Wold’s Decomposition Theorem
A fundamental theorem in time series analysis that decomposes a zero-mean covariance stationary stochastic process into a deterministic and a non-deterministic part.
Work Study
The study of working procedures with a view to improving their efficiency, safety, or comfort.