For population 25 years and over in Harbor Springs: 1  High school or higher: 96.6%. 2  Bachelor's degree or higher: 37.2%. 3  Graduate or professional degree: 13.7 4 %. Unemployed: 7. 5 0%. Mean travel time to work (commute): 19.2 minutes.
market and command are similar in way that individuals are efficient because people are motivated to work. in market economy, if you succeed, you get monetary return/reward. and with money, you can live the billionaire life. on the other hand, in command economy, people are motivated to work diligently because of they are afraid.
Economic systems can be categorized according to who makes most of the decisions in an economy. In a Market Economy, most of the decisions in the economy about what to produce, how to produce it and who receives it are made by individuals and firms. At the other end of the spectrum, in a Command Economy, government officials make most of the decisions in the economy about what to produce, how to produce it and who receives it. Most economies are mixed in that some economic decisions are made by individuals and private firms, but some are also made by government officials, either through rules and regulations or through government-owned firms.