There are 2 kinds of principalities. A principality is a land that is ruled by a Prince. A prince could inherit the land, or dominion. A prince could acquire a dominion by riches or by using skillful tactics.

Chapter II ¡V Hereditary Principalities.

Machiavelli basically state s that a principality that is inherited is far easier to rule. If that Prince can show himself worthy, then he will always maintain his rule and his people will be happy.

Chapter III ¡V Composite Principalities.

Composite principalities means that the land ruled by a Prince is made up of several parts. Princes who come to reign in the new principalities & the composite face the difficulty of living up to the former ruler and exceeding it. Machiavelli states that it is wise to become a...