Correct Answer: Option D

Explanation

Economics is the study of how societies, governments, businesses, households, and individuals allocate their scarce resources. It
helps in the utilization of scarce resources by determining what to produce, how to produce, and for whom to produce. The other
options are not entirely correct because economics does not enable individuals to satisfy all their wants due to the concept of
scarcity, it does not directly help producers to know what to produce, and it does not restore equilibrium between producers and
consumers.

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