Installing files from Source

./configure

make

sudo make install

clean install
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./configure….. checks whether the required dependencies are available on your system or not….. if not an error is reported

make compiles the source code and make install is used to install the program in to the location if it asks for an installation location it is recommended to install all the source to /usr/src

clean install removes any temporary files created in the installation process of the source

also see this link: How to Install Source Files in Ubuntu