What are the three government restrictions on property known as (PET)?

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The three government restrictions on property referred to as PET are indeed police power, eminent domain, and taxation.

Police power allows the government to regulate land use for the benefit of the community, which means that the government can impose zoning laws, building codes, and health and safety regulations. This power is essential for maintaining public order and protecting the welfare of residents within the jurisdiction.

Eminent domain grants the government the authority to take private property for public use, provided that the owner is compensated fairly. This power is crucial for projects that serve the public interest, such as building highways, schools, and parks.

Taxation pertains to the government's right to impose levies on property to generate revenue for public services and infrastructure. This financial mechanism is integral to maintaining the functioning of local and state government.

These three concepts collectively outline how the government can impose limitations on property ownership and usage to serve social and economic needs. Other choices include aspects that do not represent the primary recognized government restrictions on property in the same foundational way that police power, eminent domain, and taxation do.

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