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Wanda and Ian are retired people, who enjoy the warm winters of the south and southwest but don't want to make a complete break from home; so, for the last ten years they have made seasonal migrations from Trenton, NJ to Fort Meyers, FL. Many natives of the Sunbelt affectionately term retires like Wanda and Ian as _____________.
Market Forces
The natural forces of supply and demand that govern the functioning of the free market, determining prices and production levels.
Rival
Describes a good or resource that cannot be consumed by more than one person or entity at the same time without diminishing its availability to another.
Nonexclusive
A property of a good or service where one person's use does not diminish availability to others.
External Benefit
A benefit that results from an economic activity which accrues to unrelated third parties.
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