Final answer:
Statehood is defined by sovereignty, which allows a state to run its institutions without interference. Statehood is important to protect a state's interests and provide public services to its citizens.
Step-by-step explanation:
Sovereignty is the defining aspect of statehood. It refers to a state's ability to run its institutions without interference from other states or entities. Statehood allows a state to enforce its own laws and exert its power within its borders. The importance of statehood lies in conferring sovereignty, which is necessary for a state to protect its interests and provide public services to its citizens.