The advantages of a free market economy are for example - supply and demand A free market economy allows competition. Without competition, prices would be a lot higher. This is due to the fact that companies compete for more customers.
About South America: South America is the world's fourth largest continent, and the fifth most populous. The continent covers an area of 6,890,000 square miles and comprises a population of 420,458,044 inhabitants, as of 2016. The Pacific Ocean lies to the west of South America and the Atlantic Ocean to its east.
South America has an area of 6,890,000 sq miles. Bordered to the west by the Pacific Ocean, to the north and the east by the Atlantic Ocean, the continent contains twelve independent countries-Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guyana, Paraguay, Peru, Suriname, Uruguay, and Venezuela.outh America is bound by the Caribbean Sea in the north, the North Atlantic Ocean in the east and northeast and by the South Atlantic Ocean in the southeast.