A principality (or sometimes princedom) is a type of monarchical state or feudal territory ruled by a prince or princess. It can be either a sovereign state or a constituent part of a larger political entity. The term "principality" is often used to describe small monarchies, particularly those in Europe, where the ruler holds the title of prince or an equivalent.
Historically, principalities emerged during the Middle Ages as part of the feudal system, where local princes gained significant power within a king's domain. This led to political fragmentation and the creation of mini-states. Over time, many of these principalities consolidated into larger kingdoms and empires, while others retained their independence and prospered.
