What does the concept of 'eminent domain' allow the government to do?

The concept of 'eminent domain' allows the government to take private property for public use, provided that the property owner is compensated fairly for the property being taken. This principle is rooted in the understanding that while property rights are important, the government has a vested interest in serving the public good—such as building roads, schools, or parks—when necessary for the community's benefit. The requirement for compensation ensures that property owners are not unfairly deprived of their assets.

This principle is tempered by legal standards that aim to protect property rights while also recognizing the necessity for public development and infrastructure. Consequently, when the government exercises this power, it must not only justify the public use of the property but also provide just compensation to the owner, reflecting the fair market value of what is taken.