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The cost of living in Barbados is relatively high due to the reliance on imported goods and the general expense of utilities and dare I say the monopoly system that thrives in Barbados. The market is often dominated by a few large conglomerates that control various sectors, such as retail, finance, and telecommunications. Couple with the fact that Barbados has a relatively low birth rate. In 2024, the birth rate is 10.54 births per 1,000 people, continuing a slight annual decline. The fertility
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