Here is a pretty good summary of amps, watts, volts, etc:
HowStuffWorks "What are amps, watts, volts and ohms?"
But from a vaping standpoint, if your PV has a weak amp switch, say 2.5 amps or lower, it can't always handle effectively the power requirement for low resistance heads (atomizers, cartomizers, etc) resulting in poor performance. All of my PV's have 5 amp switches which usually can handle any head with a resistance of about 1.2 ohms or higher. If you want to use heads with lower resistance and get the full benefit of the lower resistance, then you will want to get a mechanical PV and use protected batteries with it.