Examlex
In terms of software design for custom-developed programs, a development team identifies off-the-shelf products and then determines the alterations required.
Economic Efficiency
A situation in which it is not possible to improve overall economic welfare by reallocating resources amongst individuals, implying no waste is occurring.
Deregulated Industry
An industry where government restrictions on business operations, such as price controls and market entry, have been reduced or eliminated.
Pork-Barrel Politics
involves government spending for localized projects secured primarily to bring money to a representative's district, often criticized as wasteful or aimed at gaining political favor.
Comprehensive Legislation
refers to wide-ranging laws or legal provisions that address multiple aspects of a particular issue or regulatory area.
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