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
Correct Answer: Option A
Explanation
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.