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 (356 - 323 BC) Alexander the Great in battle on his horse, Bucephalas Â© Alexander III of Macedon, better known as Alexander the Great, single-handedly changed the nature of the ancient world in little more than a decade. Alexander was born in Pella, the ancient capital of Macedonia in July 356 BC. His parents were Philip II of Macedon and his wife Olympias. Alexander was educated by the philosopher Aristotle.