Final answer:
The rule of law is the principle that no individual is above the law and that laws must be clear, public, fair, and enforced equally. It protects individual and entity rights, including the right to use property, and ensures that the Constitution is the supreme law.
Step-by-step explanation:
The Rule of Law
The concept that stipulates that no individual is beyond the reach of the law and that authority is exercised only in accordance with written and publicly disclosed laws is known as the rule of law. This ensures that laws are clear, public, fair, and enforced, and applicable to all members of society, without any special exceptions, even for government officials. The rule of law is fundamental in protecting individual and entity rights, and it is a cornerstone of any democratic society, ensuring accountability and fairness.
In accordance with the rule of law, the processes by which laws are enacted, administered, and enforced must be accessible and efficient. Just laws protect fundamental rights and property, are stable, and are applied evenly across all sectors of society to maintain order and safeguard human rights. The role of the courts is to apply these laws impartially, upholding the principles set forth by the nation's Constitution as the supreme law of the land.