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

View answer & explanation

Correct answer is A

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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