Incumbency Advantage: Incumbency advantage is the benefit enjoyed by sitting elected officials when running for re-election due to name recognition, fundraising advantages, and established networks. Term limits could potentially reduce this advantage.
Rotation of Power: Rotation of power refers to the idea that by imposing term limits, different individuals have the opportunity to hold office, preventing a concentration of power in the hands of a few.
Political Dynasties: Political dynasties occur when family members repeatedly hold political offices. Term limits can help break up these dynasties by preventing individuals from holding office for extended periods and creating opportunities for new candidates.