Answer :
Answer:
They are very effective in providing in basic needs
Explanation:
Although, former socialist countries like Cuba, Poland, Sri Lanka, and Moldova lack free market mechanisms inefficient and non-innovative , they are very effective in providing in basic needs, hence they rank higher on the human welfare than on the economic dimension.
When the former socialist countries like Cuba, Sri Lanka, Poland, and Moldova lack is free-market mechanisms that are inefficient and also non-innovative, they're very effective in providing for basic needs.
What is the dimension of welfare?
According to welfare treats income/goods distribution, including equality, refer as an additional dimension of welfare. In general, when the welfare economics studies how economic policies influence the prosperity of society. Also, It analyses costs and then benefits, and also they are provided some theoretical principles for particular instruments of public economics.
Hence proof, the rank is higher on the human welfare than on the economic dimension.
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