Final answer:
The chef's actions exemplify laissez-faire economics, where personal drive in a free market leads to unintended community benefits.
Step-by-step explanation:
The concept that might be demonstrated by a chef who opens a new restaurant in hopes of getting rich and in the process benefits the community by hiring workers and serving food to neighbors is laissez-faire economics. This economic theory promotes the idea that economic markets should function without government intervention. The chef's personal drive for wealth, under the invisible hand of the market, inadvertently results in the creation of jobs and provision of goods to the community, showcasing the benefits of a laissez-faire economy. Adam Smith's theory supports the notion that individuals pursuing their self-interest could benefit society as a whole.