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English definition of “meritocracy”

meritocracy

noun [C or U] uk   /ˌmer.ɪˈtɒk.rə.si/ us    /-ˈtɑː.krə-/
a social system or society in which people have power because of their abilities, not because of their money or social position: The prime minister claims he wants to create a classless meritocracy in Britain.
(Definition of meritocracy from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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