Meritocracy
1: Noun
A social system, organization, or society in which people get success or power because of their abilities and skills, rather than because of their wealth or social position.Example sentence: In a meritocracy, individuals are promoted based on their performance and competence.
2: Noun
The belief that power should be vested in individuals almost exclusively based on ability and talent.Example sentence: He strongly believes in meritocracy, arguing that positions should be earned through hard work and talent rather than inherited.
Fun Fact:
The term “meritocracy“ was first coined in a satirical essay by British sociologist Michael Young in 1958, and it was used to criticize what he saw as a new form of social stratification.