Although the terms are similar, neoliberalism is distinct from modern liberalism. Both have their ideological roots in the classical liberalism of the 19th century, which championed economic laissez-faire and the freedom (or liberty) of individuals against the excessive power of government.
The 'feudal system' is the name for a power structure where people held their land in return for promising loyalty, known as doing homage, and providing services such as working or fighting for their lord.
Feudalism was the leading way of political and economic life in the Medieval era. Monarchs, like kings and queens, maintained control and power by the support of other powerful people called lords. Lords were always men who owned extravagant homes, called manors, and estates in the country.