Cuba has a mixed market economy, while other Caribbean nations also exhibit elements of mixed market economies to varying degrees. Some Caribbean nations, such as the Bahamas and Barbados, have mixed market economies with a significant reliance on tourism and services. Meanwhile, others like Trinidad and Tobago have mixed market economies with a stronger emphasis on natural resource extraction, specifically in the oil and gas sector. Overall, while there may be variations in the composition and extent of market-oriented policies, most Caribbean nations tend to combine elements of market-based systems with government intervention and social welfare programs.
