Meritocracy is a system of a government or another organization wherein appointments are made and responsibilities are given based on demonstrated ability (merit) and talent rather than by wealth (plutocracy), family connections (nepotism), class privilege, cronyism, popularity (as in democracy) or other historical determinants of social position and political power. The word "meritocracy" is now also often used to describe a type of society where wealth, position, and social status are in par… (More on Meritocracy)