Political Stability
The degree to which a country's government and political institutions are reliable, predictable, and free from sudden up...
Real World
When political instability erupted in Libya after 2011, BP and Shell suspended operations and wrote off billions in investments because contracts could not be enforced and assets were at risk of seizure.
Exam Focus
Always quantify risk in evaluation — political instability doesn't just disrupt operations, it threatens asset ownership and contract enforceability.
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