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.
Latin America in particular refers to countries south of US where Latin languages such as Spanish, Portuguese and French are spoken. South America. South America is a small continent comprising just 12 countries.atin America. Latin America is a word coined to refer to countries that together make up a region that belongs to both the Americas, where at least one of the ancient romance languages is spoken. These languages are Spanish, Portuguese and French.