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.

See all Commerce questions & answers
See more JAMB questions & answers
Aptitude Tests

Spatial Reasoning Questions and Answers

Numerical Reasoning Questions and Answers

Puzzles Questions and Answers

Data Interpretation Questions and Answers

Abstract Reasoning Questions and Answers

Situational Judgement Questions and Answers

Quantitative Reasoning Questions and Answers

Personality Test

Typing Speed and Accuracy Test

Verbal Reasoning Questions and Answers

Nigeria General Knowledge Questions and Answers

Microsoft Office Questions and Answers

Logical Reasoning Questions and Answers

See all →


View latest jobs in Nigeria today