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.
The term Latin America is commonly used to refer to the portion of North America south of the United States, all of South America, and some of the Carribean.he regions are Mexico, Central America (except Belize), some of the Caribbean Islands, (including Cuba, Puerto Rico and the Dominican Republic) and most of South America (except Guyana, Surinam, French Guiana and the Falkland Islands). + 32 others found this useful.