Final answer:
Feudalism in medieval Europe involved land ownership, obligations, and hierarchy among lords, vassals, and serfs.
Explanation:
Feudalism emerged as a system in medieval Europe and was a political, social, and economic structure that revolved around land ownership and obligations between lords, vassals, and serfs. Lords provided land in exchange for loyalty and service, with serfs working the land.
Feudalism was prevalent from the 10th to 13th centuries in Europe, creating a hierarchical society where the majority were peasants or serfs working for the privileged nobility. This system also existed in Indian medieval ages but with variations across regions.
Manorialism, a component of feudalism, involved granting land access in return for labor, gradually giving way to new economic models as feudalism declined and market economies emerged.
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