Which term refers to the authority that allows the government to regulate private property for public welfare?

The correct term that refers to the authority enabling the government to regulate private property for public welfare is police power. Police power is a fundamental aspect of governmental authority rooted in the concept of maintaining public health, safety, morals, and general welfare. This power allows governments to impose regulations and restrictions on private property, ensuring that land use and activities do not negatively impact the community.

For example, zoning laws that dictate how particular areas can be utilized—whether for residential, commercial, or industrial purposes—are established through police power. This regulatory framework is essential for managing urban development, protecting the environment, and promoting public safety.

Other concepts, like economic power, relate more to market regulation and financial instruments, while administrative power often deals with the implementation and enforcement of laws rather than land regulation itself. Legislative power, although related, pertains to the creation of laws and statutes, not directly to the regulation of property for public welfare. Thus, police power is the specific term that accurately captures the government's ability to regulate private property in the interest of the public.