Discuss the Concept of "Power of the Incumbency

question 69

Essay

Discuss the concept of "power of the incumbency." What is meant by the term? Do you feel that it is a realistic phenomenon? What advantages would an incumbent have over an inexperienced challenger? Is this power the same for members of Congress and the President?

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Definitions:

Property Rights

Legal rights to use, derive benefit from, and transfer property.

Negative Externality

An adverse effect or cost suffered by a third party due to an economic transaction they were not involved in.

Government Standards

Official requirements established by governmental bodies that products, services, or processes must meet, often related to quality, safety, or compatibility.

Emission Reductions

The process of lessening the amount of pollutants released into the atmosphere, often targeting greenhouse gases to combat climate change.