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JAMB - Commerce (2014 - No. 5)

One of the major determinants of the volume of production is
the market size
the availability of banks
sex distribution
government policy

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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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