Warrant - Definition and Meaning
A financial instrument granting the holder the right to purchase an underlying asset at a predetermined price.
Warranty
A guarantee by the provider of goods or services as to their quality
Wasting Asset
An asset which diminishes over time due to usage or time passage
Weak Axiom of Revealed Preference (WARP)
A principle in consumer theory ensuring that a consumer's choices are consistent with a utility-maximizing behavior
Weak Stationarity
A property of a time series indicating that its mean, variance, and autocovariance structure do not change over time.
Wealth
The total value of a person's net assets, including various forms such as money, shares, real estate, and debt instruments.
Wealth Effect
The impact of an increase in an individual's total wealth on their level of expenditure and saving patterns.
Wealth Tax
An entry defining wealth tax and exploring its implications in economics.
Weighted Average
An average giving weights to different numbers in proportion to their importance
Weighted Least Squares Estimator
A comprehensive entry explaining the concept, usage, and analytical frameworks associated with the weighted least squares estimator.
Weights in Index Numbers
Explanation of the term 'weights in index numbers,' its importance, and applications in economics.