A social and economic system based on serfdom, where political power is decentralized from kings to lords of estates or manors is called

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Feudalism is a system of governance that was popular in medieval Europe, where political power was held by the lords of estates or manors, and the majority of the population consisted of serfs who owed labor to their lords in exchange for protection and land to cultivate. This system was based on a hierarchical structure where power was decentralized from the king to the local lords. Democracy, capitalism, and mercantilism are different economic and political systems that were developed much later in history.

A Social and Economic System Based on Serfdom, Where Political