Monaco is a gender-neutral name of Italian origin, meaning "Place Name." The name Monaco is derived from the nearby 6th-century BC Phocaean Greek colony, known as Monoikos, which means "single house" in Greek. The Principality of Monaco, located on the French Riviera, is a sovereign city-state and microstate known for its wealth, luxurious lifestyle, and tourist attractions such as the Monte Carlo Casino and the Monaco Grand Prix. Governed under a semi-constitutional monarchy, Monaco is recognized as one of the wealthiest and most expensive places in the world. The name Monaco carries a strong association with luxury, glamour, and a distinctive blend of French and Italian cultures, reflecting the opulence and elegance associated with the principality.