Examlex
The work of breathing normally requires about 3% of total energy expenditure; this increases under all of the following situations except when:
Centrally Planned Economies
Economies where the government or central authority makes all the decisions about what goods and services are produced, how they are produced, and who gets them.
Innovation Lagged
A situation where there is a delay or time lag between the development of a new technology or idea and its implementation or widespread use.
Production Targets
Specific goals set for the quantity of products to be produced within a certain time frame.
Invisible Hand
A concept introduced by Adam Smith to describe the self-regulating nature of the market, where individual self-interests unintentionally benefit the economy as a whole.
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