meritocracy
Pronunciation:
/mɛɹɪˈtɒkɹəsi//mɛɹəˈtɑkɹəsi/noun
Definitions
Rule by merit, and talent.
A type of society where wealth, income, and social status are assigned through competition.
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/mɛɹɪˈtɒkɹəsi//mɛɹəˈtɑkɹəsi/Definitions
Rule by merit, and talent.
A type of society where wealth, income, and social status are assigned through competition.