Meaning of meritocracy

mer•i•toc•ra•cy

Pronunciation: (mer"i-tok'ru-sē), [key]
— pl. -cies.
  1. an elite group of people whose progress is based on ability and talent rather than on class privilege or wealth.
  2. a system in which such persons are rewarded and advanced: The dean believes the educational system should be a meritocracy.
  3. leadership by able and talented persons.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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