It is merely a theory that explains how free enterprise works. Banks for example, a very important part of the economy, are left out. Some socities do not accept the circular flow model theory. These socities, therefore, choose another economic system other than capitalism. Socialists and communists see the role of the government in a different light than capitalists do.
2016-12-19T10:12:29-05:00. Modern presidents pro tempore, too, rarely preside over the Senate. In practice, the junior senators of the majority party typically preside in order to learn Senate procedure. The current Vice President of the United States and President of the United States Senate is Joe Biden.
Senate Pres./Lt. Governor. The office of the President of the Senate is occupied by the Lieutenant Governor, an executive branch position that is elected independently of the Governor. The most powerful legislator in Texas, ironically, is the Lieutenant Governor â a member of the executive branch.