One of the major determinants of the volume of production is

  • A the market size
  • B the availability of banks
  • C sex distribution
  • D government policy
jamb 2014commerce

The correct answer is A. the market size

There are various factors which affect the volume of production which includes:

Availability of natural resources.

Availability of raw materials.

Technology.

Availability of capital.

Transport facilities.

Political conditions.

Climate.

Efficiency of people.

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