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 – the market size

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.