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.
Types of Economies. An economy is a system whereby goods are produced and exchanged. Without a viable economy, a state will collapse. There are three main types of economies: free market, command, and mixed. The chart below compares free-market and command economies; mixed economies are a combination of the two.