Colloquially, (ie not precisely correct) the term is used when someone refers to themselves in the third person. Rather than “I would like to buy an apple” they use “We would like to buy an apple”. To poke fun at that usage, this can be referred to as using the “royal we”.
As others have mentioned, monarchs when they speak/write formally (British royalty perhaps since this is English), use the term “we” instead of “I” because they (presumably) speak for the nation or the court.
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