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 Description. South America, the planet's 4th largest continent, includes (12) independent countries and (3) major territories; the Falkland Islands, Galapagos Islands and French Guiana. With a population of 379,500,000 (2009 est), it is the fifth most populous continent falling below Asia, Africa, Europe and North America.