Incumbency Advantage: Incumbency advantage refers to the benefits enjoyed by politicians who already hold office when running for re-election. Term-limit policies aim to reduce this advantage by preventing long-term incumbents.
Rotation of Power: Rotation of power is a concept that emphasizes the importance of periodically changing political leadership. Term-limit policies contribute to this by ensuring that no individual or party remains in power for an extended period.
Political Dynasty: A political dynasty refers to a situation where members of the same family hold multiple positions of power within a government. Term-limit policies can help prevent the establishment and perpetuation of political dynasties.