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.
Quick Answer. Brazil is the largest country on the continent of South America, which also includes the countries of Venezuela, Guyana, Suriname, Columbia, Ecuador, Peru, Bolivia, Paraguay, Chile, Argentina and Uruguay. Three territories are also considered part of the South American continent: the Galapagos Islands, the Falkland Islands and French Guiana.