What is the
importance of chemistry

Because it is so fundamental to our world, chemistry plays a role in everyone's lives and touches almost every aspect of our existence in some way. Chemistry is essential for meeting our basic needs of food, clothing, shelter, health, energy, and clean air, water, and soil.

a free market economy requires less state intervention. concurrently, it often requires a degree of democratisation of its institutions which- to a certain extent- facilitates economic activity. at the same time, a free market economy appears to be reliant on democracy for its functioning.