1. Define the Model - Item model representing items in an inventory with name, description, and price.
2. Create the ModelSerializer - ItemSerializer converts Item model instances to JSON and validates incoming data for creating or updating items.
3. Create the APIView for GET Requests - a) List All Items - APIView for listing all items using a GET request. b) Retrieve a Single Item by ID - View to get the details of a specific item by its ID.
4. URL Configuration - Add URL patterns to wire up the views for getting a list of all items and details for a specific item.