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JAMB Commerce 2014 Paper
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© africaexams.com
Question : 5
Total: 49
One of the major determinants of the volume of production is
the market size
the availability of banks
sex distribution
government policy
Validate
Solution:
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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