Overview. There are significant differences between economic growth and economic development. The term economic growth refers to the increase (or growth) of a specific measure such as real national income, gross domestic product, or per capita income.DP is a specific measure of economic welfare that does not take into account important aspects such as leisure time, environmental quality, freedom, or social justice. Economic growth of any specific measure is not a sufficient definition of economic development.
Top 10 facts about the world. Alexander Miles is an African-American inventor who is largely known for his contribution to the elevator industry. He was awarded a US patent in 1887 for his design, although he was not the person who originally invented the concept of the elevator or elevator doors.
Alexander the Great was the son of Philip II of Macedon. He was born in Pella of today's Greek prefecture of Macedonia. Carnabus established the ancient Macedonian kingdom and is the first known Macedonian king (808-778 BC). When Alexander the Great was born , Pella was and had always been part of tâ¦.