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. South America also lies between the Atlantic and Pacific Oceans. South America is attached to North America by a small strip of land. Just like North America, the continent of South America sits to the east of the Pacific Ocean, and to the west of the Atlantic Ocean.