Until 1860, the domestic and international demand for cotton provided motive to expand slavery

Which of the following will most likely occur under a system of clearly defined and enforced private property rights?

a. Resource owners will fail to conserve vital resources, even if they expect their supply to be highly limited in the future. b. Resource owners will ignore the wishes of others, including others who would like to use the resource that is privately owned. c. Resource owners will fail to consider the wishes of potential future buyers when they decide how to employ privately owned resources. d. Resource owners will gain by discovering and employing their resources in ways that are highly valued by others.

What is the relationship between financial market development and economic growth?

What will be an ideal response?