Describe the principles of pipelining in digital design and its impact on throughput, latency, and resource utilization.

Pipelining involves breaking down the execution of a task into smaller stages that can be executed concurrently, improving throughput and reducing latency. Each pipeline stage performs a specific task, and data flows through the pipeline sequentially. While pipelining increases throughput and resource utilization, it introduces additional latency due to pipeline overhead and potentially longer critical paths.