Identify and State the Historical Significance of the Following

question 81

Short Answer

Identify and state the historical significance of the following:
-Incas

---

Definitions:

Specialization Restrictions

Limitations or regulations set on the extent to which individuals or entities can focus on producing a particular product or service.

Centrally Planned Economies

Centrally planned economies are those in which the government or central authority makes all decisions regarding the production and distribution of goods and services.

Lack Of Coincidence

The situation where potential barter trades do not occur due to the absence of a mutual want by the parties involved, a challenge in barter systems.

Substantial Losses

Significant financial shortfalls resulting from business activities or investments, typically impacting a company's bottom line.