Question

1. In a _state there is free demand and supply and the state does not
intervene in economic relations.​

Answer 1

In a free market capitalist state there is free demand and supply and the state does not intervene in economic relations.

Explanation:

A free market capitalist system is an economic system in which the market forces can freely operate and influence the economic operation.There is practically no government restrictions and regulations on the economic activities and phenomenon such as production of goods and services,allocation of productive resources,determination of market price in various industries,property ownership,regulation of industries and so forth.In market for all goods and services,the equilibrium price and quantity traded are determined by the free forces of demand and supply and not by any external intervention.Free market structure is also characterized as a competitive market structure in which the demand and supply are determined by the market forces and not any administrative intervention.