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.
Latin America is the part of the North and South American continents south of the United States where the official language is Spanish, Portuguese or French.Each year, millions of tourists flock to Latin America to enjoy its beaches, rain forests, mountains, biodiversity, history and culture.osta Rica is a Central American country bordered by Nicaragua in the north and Panama in the south, and situated between the Pacific Ocean on its west coast and the Caribbean Sea to the east.