By the Binomial Theorem, $\;\;\displaystyle (1+x)^n=\sum_{k=0}^n \binom{n}{k} x^k$, so differentiating gives
$\;\;\displaystyle n(1+x)^{n-1}=\sum_{k=1}^{n} k\binom{n}{k}x^{k-1}$, and letting $x=1$ gives this result.
Another way to show this is to consider selecting a committee of k people from a group of n people, where $1\le k\le n$, and then selecting a chair of the committee.
The left side counts the number of ways to do this, and the right side counts the number of ways to select the chair first and then choose the other committee members, since there are n choices for the chair and then the rest of the committee is any subset of the remaining n-1 people.