Political parties are formed based on which of the following?

Political parties are fundamentally formed based on broad common interests. This is because the primary function of a political party is to bring together individuals who share similar values, beliefs, and goals in relation to governance and public policy. By uniting a diverse group of people around shared interests, parties can create a cohesive platform that appeals to a wider electorate, allowing them to effectively compete in elections and influence governance.

Broad common interests encompass a range of issues that can attract various demographic groups, including economic policies, social justice, environmental concerns, and public services. This collective identity and agenda are essential for mobilizing support and resources during campaigns, as well as for creating policy proposals that address the needs of a broader population.

In contrast, narrow individual interests, while they may motivate personal political engagement, do not form a sustainable basis for a political party. Similarly, financial endorsements from corporations can influence political processes but are not the foundational reason for the formation of parties. Finally, focusing exclusively on local community issues limits the capacity of a party to appeal to a larger constituency, which is vital for success in broader electoral battles.