The algorithm needs to generate all possible combinations from a given list (empty set excluded).
list => [1, 2, 3]
combinations => [{1}, {2}, {3}, {1,2}, {1,3}, {2,3}, {1,2,3}]
This algorithm would take O(2n) time complexity to generate all combinations. However, I'm not sure if an improved algorithm can bring this time complexity down. If an improved algorithm exists, please do share your knowledge!
In the case that it takes O(2n) which is exponential, I would like some insight regarding which class this algorithm belongs to P, NP, NP-Complete, or NP-Hard. Thanks in advance :)
P, NP, NP-complete, and NP-hard are all classes of decision problems, none of which contain problems that involve non-binary output (such as this enumeration problem).
Often people refer colloquially to problems in FNP as being in NP. This problem is not in FNP either because the length of the output string for the relation must be bounded by some polynomial function of the input length. It might be FNP-hard, but we're getting into the weeds that even a graduate CS education doesn't cover. Worth asking on the CS Stack Exchange if you care enough.