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 President is a senator, usually with some years of experience, who is elected to the position by the members of the Senate. The election, duties and responsibilities of the President reflect the original and independent nature of the Senate itself, as entrenched in the Australian Constitution at federation.he President is also the spokesperson for the Senate, who represents the Senate in dealings with the Governor-General, the executive government, the House of Representatives and persons outside the Parliament, and overseas.