Political instability occurs when politicians participating in the government, as well as their opponents, have a very low level of respect for the political order, without choosing ways to achieve, primarily personal goals. Under such conditions, possible state struggles, even revolutions and civil war in some extreme cases, are possible. All this is reflected in the economy, where the rules of the market and business are not respected, the economy collapses or fails, due to the emergence of black market, increased crime, etc. These unstable economic conditions, again, affect political instability, even greater corruption, irresponsibility, and an infamous struggle for power.
Your statement is true.