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meritocracy

mer·i·toc·ra·cy [ mèrri tókrəssee ] (plural mer·i·toc·ra·cies)


noun 
Definition:
 
1. system based on ability: a social system that gives opportunities and advantages to people on the basis of their ability rather than, e.g. their wealth or seniority

2. elite group: an elite group of people who achieved their positions on the basis of ability and achievement

3. leadership by elite: leadership by an elite group of people who are chosen on the basis of their abilities and achievements


mer·it·o·crat·ic [ mèrritə kráttik ] adjective
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