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.
3) Mixed economy: 1  It is a mixture of the features of both the market and command economies. 2  They have a private (market) as well as a public (government) sector.  In the private sector the 3 economic questions are answered by the market forces of demand and supply and the resulting prices.