meritocracy

Meaning

  1. (countable, uncountable) Rule by merit and talent.
  2. (countable, uncountable) A type of society where wealth, income, and social status are assigned through competition.

Pronounced as (IPA)
/mɛɹɪˈtɒkɹəsi/
Etymology

From merit + -o- + -cracy, coined by British sociologist Alan Fox in 1956 in an article in Socialist Commentary from May 1956, used as a derisive term, and popularized by British sociologist Michael Young, Baron Young of Dartington in his 1958 book The Rise of the Meritocracy.

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