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.
The U.S. Senate is comprised of two senators from each state elected by the citizens of their respective states. The Vice President of the United States leads the Senate. Underneath him, the majority party elects a group of majority leaders. The other party elects minority leaders.