How is Barbados a democratic capitalist economy?

* Universal suffrage since 1951

* Regular, free, and fair elections

* Multi-party system; two major parties

* Independent judiciary

* Constitutional protection of human rights

* Free press

*Vibrant civil society

Capitalist

* Private ownership of the means of production

* Profit motive

* Market competition

*Freedom of contract

* Price determined by supply and demand

* Limited government intervention in the economy