Question

Robert redford created the sundance film festival, where talented, young directors and producers can submit their films for review and possible screening. the festival attracts thousands of tourists each year, employs many others at various capacities, and provides important exposure to up-and-coming artists who may otherwise not be able to get their works noticed. ultimately, the festival provides social and economic benefit for many. adam smith believed that one's self-directed gain would eventually create prosperity for many, and called the process the ___________.

Answer 1

Invisible hand.

The invisible hand is Adam Smith's theory that markets left on their own will automatically adjust to the production and consumption that most benefits all involved.