Factors Determining the Size of Firm | Economics

The following points highlight the six factors determining the size of firm. The factors are: 1. Entrepreneurial Skill 2. Managerial Ability3. Availability of Finance 4. Availability of Labour 5. Nature of Business 6. Extent of the Market. Factor # 1. Entrepreneurial Skill: The most important factor is, of course, the skill, initiative and resourcefulness of the entrepreneur. Everything depends on [...]