Concept:Economics is the study of how society uses limited resources to satisfy unlimited wants.
Explanation:Every society faces scarcity because resources are limited while human wants are unlimited.
Therefore, economics becomes important because it guides society in making the best use of these scarce resources.
It does not help people to satisfy all their wants, as wants are endless.
It is not limited only to helping producers decide what to produce.
It also does not aim merely to restore equilibrium between producers and consumers.
Thus, the core importance of economics to every society is the efficient utilization of scarce resources.
Answer:B. Helps in the utilization of scarce resources.