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.
Leadership Officers of the California State Senate Officers of the California State Assembly Officers of the Senate. President of the Senate, Lieutenant Governor, Gavin Newsom Under the State Constitution, the Lieutenant Governor serves as the President of the Senate. However, by law and custom the role of the President is extremely limited.