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English definition of “meritocracy”

meritocracy

noun [C or U]     /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.Systems of government
(Definition of meritocracy noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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