The economic approach is elucidated as the approach that lays emphasis on creation, allocation(distribution), and its consumption of any kind of artwork or creative product.
As per the question, the 'economic approach' to the creative industries like film industry would deal with the 'formation of the studio' that reflects the creation process, 'the distribution' would mirror the 'allocation' process, and 'exhibition and rise of the industry' would exemplify the consumption process by the viewers. Thus, the <u>'economic approach'</u> of film history would address these aspects.
