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.
In addition to this, the ABC islands of the Netherlands and Trinidad and Tobago may also be considered part of South America. South America has an area of 17,840,000 square kilometers (6,890,000 sq mi). Its population as of 2005 has been estimated at more than 371,090,000.South America ranks fourth in area (after Asia, Africa, and North America) and fifth in population (after Asia, Africa, Europe, and North America).razil is the largest country in South America, encompassing around half of the continent's land area and population. The remaining countries and territories are divided among three regions: The Andean States, the Guianas and the Southern Cone.