Measured in Volts, is represented by the letter V (or E)
Measured in Amperes, is represented with the letter I
Measured in Ohms, is represented by the letter R (or the Greek letter Ω)
Measured in watts, is represented by the letter W
States the relationship between voltage, current and resistance. Given the relationship between these three elements, once you know any two of them, it is possible to calculate the third.
Watt's Law is similarly useful in figuring out the relationship between power, voltage and current.