meritocracy

/ˌmɛrɪˈtɑkrəsi/
noun
  1. A system or society in which people are given power and rewards based on their talent, effort, and achievement rather than on wealth, social class, or connections.
    • The school's scholarship program is based on meritocracy, awarding funds to the most talented students regardless of their background.
    • Critics argue that the idea of a perfect meritocracy ignores the advantages some people have from birth.
    • Many people believe that a true meritocracy would give everyone an equal chance to succeed.
What does "meritocracy" mean? | whatsthatwordmean | whatsthatwordmean