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Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

W

Wage
Payments for labor services that are directly tied to time worked or pieces produced.
Wants
A desire that can be satisfied by consuming or using a good or service.
Withdrawal
The removal of money by a depositor from a financial account.
Work
Effort applied to achieve a purpose or result, often for pay; kills and knowledge put to use to get something done — as in "The doctor was exhausted after a long day’s work in the emergency room."
Work Ethic
A sense of responsibility for doing a job well. Involves reliability, punctuality, friendliness, honesty, and ability to work independently or in cooperation with others.
Workers
People employed to do work, producing goods and services.
World Bank
An international organization that makes loans and provides technical expertise to developing nations.