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.
The mixed economy is a combination of market economy and command economy. Market Economy. In the market economy, the prices of goods and services are determined in a free price system set by the supply and demand of the goods or services.