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 Continent. South America is one of the 7 continents on the planet. The majority of its position lies within the Southern Hemisphere, and geographers designate it as a subcontinent of the Americas. The Pacific Ocean borders South America to the west, and the Atlantic Ocean borders it to the east. The Caribbean Sea and the North American continent lie to the northwest. South America includes the following countries: Venezuela, Argentina, Uruguay, Bolivia, Suriname, Brazil, Peru, Chile, Paraguay, Colombia, Guyana, and Ecuador. In addition, South America has two non-sovereign territories: French Guiana, a territory of France, and the Falkland Islands, a territory of the United Kingdom.