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.
Report Abuse. Each branch has parts within it. In the Judicial Branch the top court is the supreme court of the United States. It consists of 9 judges who are called justices and their chief justice is currently John Roberts.The legislative branch is the congress which is made up of the House of Representatives and the Senate.The House is led by the speaker of the house (currently Nancy Pelosi) and the senate is led by the President of the senate and the president pro tempore (currently Robert Btyrd).he legislative branch is the congress which is made up of the House of Representatives and the Senate. The House is led by the speaker of the house (currently Nancy Pelosi) and the senate is led by the President of the senate and the president pro tempore (currently Robert Btyrd).