MERITOCRACY

meritocracy

(noun) the belief that rulers should be chosen for their superior abilities and not because of their wealth or birth

meritocracy

(noun) a form of social system in which power goes to those with superior intellects

Source: WordNet® 3.1

Etymology

Noun

meritocracy (countable and uncountable, plural meritocracies)

Rule by merit, and talent.

A type of society where wealth, income, and social status are assigned through competition.

Usage notes

Though widely used as a term of praise, the term was originally coined as a satire, and a critique of awarding educational achievement.

Source: Wiktionary

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