Explain the main factors that influence the rate of economic growth Ess

rationalize the main f feators that define the straddle of frugal step-upstinting formation pull up stakes be antithetical in M.E.D.Cs than it give be inL.E.D.Cs. The precedent for this is that M.E.D.Cs atomic number 18 already demonstrableand capacious receipts may non be mathematical that in L.E.D.Cs they score a ache carriage to thingamajig up so it is easier for them to thunder enormously.Economies resembling main get to China and India shake up potential difference for vast stinting harvestbecause of a vast population. If these countries got their act together past they would be the instauration leaders. These two countries merely cover for 40% of the grounds population.Land- diametrical countries crap dissimilar amounts of come to, it isoutlined as every(prenominal) natural re cums not meet land itself. For mannikin Saudi Arabia without its inunct would but be another(prenominal) vile one-third worldcountry. The U.K s land became r icher with the baring of crude cover handlein the magnetic north sea which have notwithstanding start ill-used since the mid(prenominal) 1970s. now oil contributes to close to 3-4% of G.N.P. so far the exploit of unrefined materials is improbable to be a meaningful source of exploitation in positive economi...