Why stored program control gains superiority over hard wired, Computer Engineering

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In what way is stored program control superior to hard wired control?

The SPC gains superiority over hard wired because of following points:

SPC	Hard Wired Control
It is Flexible	It is Not Flexible
It is Slower	It is Faster
More costly for moderate processing functions	Less costly for Moderate, easy and fixed Processing functions
Simple to implement, Complex Processing functions	Not easy to implement, Complex processing functions
Introducing new facilities is easy	Introducing new facilities is not simply possible
Easier to keep	Difficult to keep

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