Examlex

Solved

Explain Three of the Advantages Incumbents Have Over Challengers in Congressional

question 21

Essay

Explain three of the advantages incumbents have over challengers in congressional elections.


Definitions:

Celler-Kefauver Act

A U.S. law, enacted in 1950, designed to prevent anti-competitive mergers and acquisitions by closing loopholes in earlier antitrust legislation.

Competition

The economic rivalry among businesses trying to achieve higher sales, profits, and market share by offering the best possible terms to customers.

Real Assets

Physical, tangible assets such as land, buildings, machinery, or commodities that have intrinsic value due to their substance and properties.

Clayton Act

A U.S. antitrust law, enacted in 1914, aimed at promoting fair competition and preventing unfair business practices.

Related Questions