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.
The United States Constitution states that the Vice President of the United States is the President of the Senate, despite not being a senator, and that the Senate must choose a president pro tempore.
âSheev Palpatine, to PadmÃ© Amidala. The Supreme Chancellor, also known as the High Chancellor, was the elected leader of the Galactic Senate, the governing body of the Galactic Republic. The chancellor was elected through a majority vote by and from the senators who represented the various worlds across the galaxy. As head of the Senate, the chancellor's office was located in the Senate Office Building of the Senate District on Coruscant, the capital of the Republic.