Concept:Economics deals with the wise use of limited resources to satisfy unlimited human wants.
Explanation:Every society faces the problem of scarcity because resources are limited while wants are unlimited.
Economics provides a framework for deciding how to allocate these scarce resources among competing uses.
It guides societies in answering the basic questions of what to produce, how to produce, and for whom to produce.
This makes the study of economics essential for efficient resource management.
The other options are incorrect because economics does not enable people to satisfy all their wants, as wants are unlimited.
It also does not directly tell producers what to produce, nor does it restore equilibrium between producers and consumers.
Answer:D. helps in the utilization of scarce resources