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Both Incas and Aztecs saw themselves as continuing older traditions. In what ways was this correct, and in what ways did they innovate?
Wage Rates
Wage Rates refer to the standardized amount of compensation workers receive per unit of time, such as an hour or a week, for their labor.
Location Decision
The process involved in choosing a geographic location for a firm's operations, factoring in costs, accessibility, labor supply, and other strategic objectives.
Innovation
The introduction of something new, such as a method, idea, or product, intended to improve efficiency, effectiveness, or competitive advantage.
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