What does meritocracy meaning?

: a system, organization, or society in which people are chosen and moved into positions of success, power, and influence on the basis of their demonstrated abilities and merit (see merit entry 1 sense 1b) Only the elite, in that new meritocracy, would enjoy the opportunity for self-fulfillment …—

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Keeping this in view, how do you pronounce meritocracy?

In respect to this, is capitalism a meritocracy? It has been argued that meritocracy under capitalism will always remain a myth because, as Michael Kinsley states, “Inequalities of income, wealth, status are inevitable, and in a capitalist system even necessary.” Even though many economists admit that too much disparity between the rich and the poor can destabilize …

In this way, what are the benefits of meritocracy?

Meritocracy Benefits

It tends to make the most capable individuals happier than under different frameworks, and in this manner keep them around while in the long run moving the lesser skilled out. It prioritizes performance and uses it as a scale for promotions, bonuses, and other rewards.

What is a good sentence for commerce?

The town has active commerce , especially with Italy. The chief civil buildings are a large Chamber of Commerce , including the customs and port services, and a fine modern town hall.

What is a meritocracy in education?

A meritocratic education system, by nature, is one where students are enabled to accomplish achievements, and receive corresponding rewards, regardless of outside factors.

What is a meritocracy quizlet?

Meritocracy. A social system in which peoples success in life depends primarily on their talents, abilities and efforts. People who work hard are rewarded and is not based on wealth or social class. Functionalist view on meritocracy.

What is an example of a meritocracy?

an elite group of people whose progress is based on ability and talent rather than on class, privilege, or wealth. a system in which such persons are rewarded and advanced: The dean believes the educational system should be a meritocracy. leadership by able and talented persons.

What is another word for meritocracy?

In this page you can discover 3 synonyms, antonyms, idiomatic expressions, and related words for meritocracy, like: collectivism, egalitarianism and free-enterprise.

What is meritocracy in a sentence?

the belief that rulers should be chosen for their superior abilities and not because of their wealth or birth. 1. The theory assumes the existence of a “meritocracy”?that there is equal opportunity for all.

What is meritocracy in the workplace?

What is a meritocracy in the workplace? In a meritocracy, everyone has the right to express their opinions and are encouraged to share them openly and often. Those opinions are listened to and decisions are then made based on those that are deemed the best.

What is monopoly synonym?

In this page you can discover 28 synonyms, antonyms, idiomatic expressions, and related words for monopoly, like: control, trust, exclusivity, free-trade, patent, oligopoly, open market, copyright, restraint of trade, domination and cartel.

What’s the opposite of meritocracy?

The opposite of meritocracy is kakistocracy, or the rule of the worst.

When was meritocracy first used?

The concept originates, at least by the sixth century BC, when it was advocated by the Chinese philosopher Confucius, who “invented the notion that those who govern should do so because of merit, not of inherited status.

Who created meritocracy?

Michael Young

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