Here are Economics Terms beginning with W.

Please note these economics dictionary definitions are all copyright of BusinessEconomics.com and  
no one is allowed to use them without express written confirmation from BusinessEconomics.com.

Copyright BusinessEconomics.com

Wage-price spiral refers to a situation in which wages rise followed by price rises which leads to further wage and price rises.

Wage taker is an employee or employer that has no influence on the wage rate which is determined by supply and demand at the industry level.

Weak form of market efficiency argues that it is not possible to make excess profits in the securities markets based upon using past movements in the security prices.

Weighted average is the average of certain number of variables but with varying weights attached to each of the variables. The sum of the weights is equal to one.

Wholesale banking deals with larger institutions  state companies such as large corporate clients, mortgage brokers, real estate and the financing of international trade.

Withdrawals are income flows that escape the circular flow of income and are made up of savings, taxes and import expenditure.

Work-to-rule is when employees do the minimum necessary to meet their employment contract obligations. It means that employees will get paid and yet cause disruption to an organisation without having to go on strike.