Volume

The number of shares traded in a day on the London Stock Exchange.

VRIO

A resource based framework for understanding the strategic importance of various resources to an organization.

Wage inflation

An increase in the nominal wage. Usually measured over a year. See also: nominal wage.

Wage labour

A system in which producers are paid for the time they work for their employers.

Wage-price spiral

This occurs if an initial increase in wages in the economy is followed by an increase in the price level, […]

Wage-setting curve

The curve that gives the real wage necessary at each level of economy-wide employment to provide workers with incentives to […]

WATS

Wide area telephone service. An “800” number whereby the call is free to the caller.

Weakness of will

The inability to commit to a course of action (dieting or foregoing some other present pleasure, for example) that one […]

Wealth

Stock of things owned or value of that stock. It includes the market value of a home, car, any land, […]