meritocracy - definition and synonyms

noun [countable/uncountable] 

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/ˌmerɪˈtɒkrəsi/
singularmeritocracy
pluralmeritocracies
  1. a system or society in which people have influence or status according to their abilities and achievements rather than because of the social class to which they belong

derived word

meritocratic

 

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/ˌmerɪtəˈkrætɪk/
adjective