GDP as a Measure of National Welfare essays

GDP as a Measure of National Welfare essays GDP per capita is often used as an indicator of welfare in an economy. While this approach has advantages, there are also many criticisms on GDP as an indicator of standard of living or welfare. The major advantages to using GDP per capita as an indicator of standard of living are that it is measured frequently, widely and consistently. Another advantage is that it is used in all countries which allow crude comparisons of the standard of living in different countries. The major disadvantage of using GDP as an indicator of standard of living is that it is not, strictly speaking, a measure of standard of living or welfare. GDP is intended to be a measure of particular types of economic activity within a country. For instance, in an extreme example, a country which exported 100 per cent of its production would still have a high GDP, but a very poor standard of living. There are many negative points raised against GDP as a measure of welfare of a country. Firstly, GDP attempts to remove value judgments on spending. All transactions are neutral; neither good nor bad. The costs of a major natural or ecological disaster cause an increase in GDP. So do the costs involved in a car accident or aggravated burglary health bills; cost of replacing property; police work; counseling. Both of these examples are obviously bad for our well-being, but GDP counts the results of them as positives. GDP also counts the shorter life span of products as a positive, since more would be sold. Secondly, many items are left out of the accounting that makes up GDP, mostly because they are hard to put values on. But leaving out domestic work, voluntary work, the underground economy, etc means that they are ignored in much government policy. Resource depletion and environmental damage also do not appear within GDP except with the costs of clean-ups. Gross Domestic Product (GDP) is the broadest quantitative measure of a nation's total economic activity...

Free Essays on El Greco (Domenikos Theotokopoulos)

El Greco Spanish, 1541 Domenikos Theotokopoulos was born – He died in 1614 Domenikos Theotokopoulos, called El Greco, which means The Greek was born in 1541 in Candia , now Irklion, the capital of Crete. In 1566 he was recorded in Candia as a master painter. He was an erudite man, whose taste for classical and contemporaneous literature seems to have developed in his youth. El Greco probably went to Italy to master the modern Western Renaissance style. He is documented in August 1568 in Venice, where he remained until the autumn of 1570, when he went to Rome. The rich colors and the free handling of paint of Venetian painters profoundly influenced him, but there is no evidence to support the tradition that he was apprenticed to Titian. In Rome, El Greco resided at least for a while at the Farnese Palace, where he became acquainted with the Farnese librarian, Fulvio Orsini, whose belief in the compatibility of art and scholarship seems to have profoundly influenced him. In 1572, El Greco was admitted to the Academy of Saint Luke as a miniature painter. Unable to obtain major public commissions in Rome, El Greco signed a contract in 1576 in Rome for altarpieces for the important church of Santa Domingo el Antiguo, Toledo. By July 1577 he had arrived in Toledo, and by September 1579 he had completed nine paintings for Santo Domingo. These works helped to establish his reputation as the most gifted artist in Toledo. The dissatisfaction of Philip II with the Martyrdom of Saint Maurice, which El Greco completed in 1582 for the church of El Escorial, effectively ended any hopes of royal patronage that he may have had. It is perhaps for this reason that he decided to remain in Toledo, where he had come in contact with a group of learned churchmen who appreciated his work. By 1585, El Greco appears to have established a corporate workshop capable of producing altar frames and statues as well as paintings. The decade 1597 to 1607 was ... Free Essays on El Greco (Domenikos Theotokopoulos) Free Essays on El Greco (Domenikos Theotokopoulos) El Greco Spanish, 1541 Domenikos Theotokopoulos was born – He died in 1614 Domenikos Theotokopoulos, called El Greco, which means The Greek was born in 1541 in Candia , now Irklion, the capital of Crete. In 1566 he was recorded in Candia as a master painter. He was an erudite man, whose taste for classical and contemporaneous literature seems to have developed in his youth. El Greco probably went to Italy to master the modern Western Renaissance style. He is documented in August 1568 in Venice, where he remained until the autumn of 1570, when he went to Rome. The rich colors and the free handling of paint of Venetian painters profoundly influenced him, but there is no evidence to support the tradition that he was apprenticed to Titian. In Rome, El Greco resided at least for a while at the Farnese Palace, where he became acquainted with the Farnese librarian, Fulvio Orsini, whose belief in the compatibility of art and scholarship seems to have profoundly influenced him. In 1572, El Greco was admitted to the Academy of Saint Luke as a miniature painter. Unable to obtain major public commissions in Rome, El Greco signed a contract in 1576 in Rome for altarpieces for the important church of Santa Domingo el Antiguo, Toledo. By July 1577 he had arrived in Toledo, and by September 1579 he had completed nine paintings for Santo Domingo. These works helped to establish his reputation as the most gifted artist in Toledo. The dissatisfaction of Philip II with the Martyrdom of Saint Maurice, which El Greco completed in 1582 for the church of El Escorial, effectively ended any hopes of royal patronage that he may have had. It is perhaps for this reason that he decided to remain in Toledo, where he had come in contact with a group of learned churchmen who appreciated his work. By 1585, El Greco appears to have established a corporate workshop capable of producing altar frames and statues as well as paintings. The decade 1597 to 1607 was ...

Master Production Schedule Assignment Example | Topics and Well Written Essays - 500 words

Master Production Schedule - Assignment Example Good laboratory practices (GLP) significantly influence the accuracy and reliability of results of an experimental research. They focus on method processes, research design, facility and equipment, personnel, documentation, and validation of all process components to the established specifications such as Standard Operating Procedures (SPOs). By having well-maintained laboratory equipment and calibrated instruments, diagnostic and other related errors can be avoided thus ensuring the integrity of the results. In addition, GLP reduces variations in laboratory processes that can affect the accuracy of lab results. Appropriate testing procedures, elimination of contaminated data and preventing any unanticipated occurrences in the data ensure that results are obtained with utmost accuracy and precision. While observing GLPs in ensuring quality during the laboratory processes, the personnel are required to maintain ethical standards at all time. The principle of accountability should be applied at all levels of the organization starting from the laboratory director to the junior staff members. It would ensure that any action taken in the process of laboratory work can be traced, thus helping in monitoring errors. Documentation of all the laboratory steps signed by the lab technicians is also a practice that ensures easy assessment and promotes personal responsibility for actions.