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 Alexander of Macedon Biography. King of Macedonia and Conqueror of the Persian Empire. Alexander III the Great, the King of Macedonia and conqueror of the Persian Empire is considered one of the greatest military geniuses of all times. He was inspiration for later conquerors such as Hannibal the Carthaginian, the Romans Pompey and Caesar, and Napoleon. Alexander was born in 356 BC in Pella, the ancient capital of Macedonia. He was son of Philip II, King of Macedonia, and Olympias, the princess of neighboring Epirus. Alexander spent his childhood watching his father transforming Macedonia into a great military power, winning victory after victory on the battlefields throughout the Balkans.