A firm willeventually go out of business if it continues to incur losses. ECONOMICS IN ACTION, ' NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y. 91 THE CIRCULAR FLOW OF ECONOMIC ACTIVITY-LESSON 10.
INTRODUCTION Tennesseeâs legislative branch of government is dominated by a bicameral General Assembly consisting of both a Senate and House of Representatives.This structure has existed since the Assemblyâs first meeting in Knoxville in the winter of 1796, following which Tennessee became the 16th state in the Union.NTRODUCTION Tennesseeâs legislative branch of government is dominated by a bicameral General Assembly consisting of both a Senate and House of Representatives.
The head of the Executive branch is President who is the Commander-in-chief of the Armed forces, he signs bills that become laws, and he has the cabinet to help him out with the Government and also the Vice President helps at times and the Cabinet has 15 departments in which each department has a certain job to do and the President nominates the Secretaries of the departments but the Senate has to approve them and the President has the power to veto the bills the Congress has made.