Which system involves ownership by a king and noblemen?

The feudal system is characterized by a hierarchical structure where land ownership and authority are distributed among a king and noblemen. In this system, the king grants land to noblemen, who then have control over the land and the peasants who work it. This arrangement creates a relationship of mutual obligation; the noblemen provide military or other services to the king in exchange for the land and protection.

This structure emphasizes the role of land as a source of wealth and power, with the king at the top, followed by the noble class who manage the land and peasants beneath them. The focus on land ownership and the responsibilities tied to that ownership define the feudal system, distinguishing it clearly from other systems of governance and economic organization like capitalism, socialism, and communism, which have different foundations regarding property rights and social structure.