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.
Tennessee's current governor is Bill Haslam, who was elected in November 2010. The judicial branch of government INTERPRETS the laws -- which means it decides what the laws mean when people don't agree on them.The judicial branch also runs the courts.he legislative branch of government MAKES the laws. It has a house and senate, just like the U. S. government. The executive branch of government ENFORCES the laws and runs the day-to-day operation of the state.