MERITOCRACY

Meritocracy

Meritocracy is a political philosophy that holds power should be vested in individuals according to merit. Advancement in such a system is based on intellectual talent measured through examination and/or demonstrated achievement in the field where it is implemented.

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meritocracy

Noun

  1. Rule by merit, and talent. By extension, now often used to describe a type of society where wealth, income, and social status are assigned through competition.


The above text is a snippet from Wiktionary: meritocracy
and as such is available under the Creative Commons Attribution/Share-Alike License.

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