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.
The President of the Senate, Honourable Edna Madzongwe is the presiding officer of the Senate, whose main function is to guide and regulate the proceedings in the Senate. It is also the duty of the President of the Senate to ensure that the powers and privileges of the Senate are observed. Read More...