Meritocracy
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British pronunciation/mˌɛɹɪtˈɒkɹəsi/
American pronunciation/mɛɹɪˈtɔkɹəsi/

Definition & Meaning of "meritocracy"

Meritocracy
01

a societal system where success is determined by individual skill and ability rather than factors like wealth or social status

Wiki
example
Example
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Some see meritocracy as reducing privilege.
Companies in a meritocracy promote based on performance.
02

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

example
Example
Some see meritocracy as reducing privilege.
Companies in a meritocracy promote based on performance.
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