Okay kiddo, imagine that you have a bunch of toys and you want to share them with your friends. But, before giving them away, you need to make sure that your friends are allowed to play with them. This is called the principle of conferral.
Basically, this principle means that people or organizations can only do things that they have the power or authority to do. Just like how you can only share your toys with friends who are allowed to play with them.
For example, let's say your mom gives you a dollar to buy some candy. You can only use that dollar to buy candy because that was the purpose or authority given to you by your mom. You can't use that dollar to buy a toy because that was not the authority given to you.
In the same way, a government can only pass laws that are within its power and authority given by the Constitution. A company can only make decisions that are within its own rules and regulations.
So, the principle of conferral is all about making sure that everyone stays within their own boundaries and doesn't overstep their authority. It's like playing by the rules so everyone can have fun and be fair.