meritocracy
noun (plural meritocracies)
[C, U] a country or social system where people get power or money on the basis of their ability
(the meritocracy) [sing.] the group of people with power in this kind of social system

[C, U] a country or social system where people get power or money on the basis of their ability
(the meritocracy) [sing.] the group of people with power in this kind of social system

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