In politics, parties or groups are often identified as Left or Right. A party which believes that free competition and market economy alone ensures progress, and opposes unnecessary government intervention in the economy can be categorised as -

Rightist

The correct answer is Option (2) → Rightist

" In the politics of most countries, you will always come across references to parties and groups with a left or right ideology or leaning. These terms characterise the position of the concerned groups or parties regarding social change and role of the state in effecting economic redistribution. left often refers to those who are in favour of state control of the economy and prefers state regulation over free competition. The right refers to those who believe that free competition and market economy alone ensure progress and that the government should not unnecessarily intervene in the economy. "