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.
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.