Statistical Process Control (SPC) Methods. Statistical process control (SPC) monitors specified quality characteristics of a product or service so as: To detect whether the process has changed in a way that will affect product quality and. To measure the current quality of products or services. Control is maintained through the use of control charts.
The underlying basis of criticism of GDP as a measure of welfare is the divergence between the critic's values and market values. The critics make an implicit assumption, or, quite possibly, a conscious presumption, that the former values are superior, if not far superior, to those of the latter.
The Gross Domestic Product (GDP) is perhaps the most widely used indicator of economic growth and well-being.The World Bank has called it the main criterion for classifying economies.. According to conventional wisdom, what is good for the GDP is good for the nation; as the GDP rises, so do our fortunes.n short, the GDP values growth at all costs over the things that really matter to people, such as clean air and water, a healthy and safe community, and the free time to enjoy them. The continued rise of the GDP is no longer something to cheer about, and it is past time to establish a new way to measure our progress.