explain it in 20 words
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For them "feudalism" meant seigneurial privileges and prerogatives. ... Adam Smith used the term "feudal system" to describe a social and economic system defined by inherited social ranks, each of which possessed inherent social and economic privileges and obligations.
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feudalism" meant seigneurial privileges and prerogatives. ... Adam Smith used the term "feudal system" to describe a social and economic system defined by inherited social ranks, each of which possessed inherent social and economic privileges and obligations.
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