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 government in each state is the governor. Other parts of the executive branch may include the lieutenant governor, attorney general, and the secretary of state. Legislative Branch Just like with the federal government the states have legislatures that make up the state laws, handle the budget, and levy taxes. Every state but Nebraska has two houses similar to the federal government. This is called a bicameral legislature. Nebraska just has a single house.