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One of the major determinants of the volume of production is

One of the major determinants of the volume of production is
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A The market size
  • B The availability of banks
  • C Sex distribution
  • D Government policy
Correct Answer: Option A
Explanation:
There are various [b]factors which affect the volume of production which includes:[/b]

Availability of natural resources.
Availability of raw materials.
Technology.
Availability of capital.
Transport facilities.
Political conditions.
Climate.
Efficiency of people.

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