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Meritocracy (merit, from Latin mereō, and -cracy, from Ancient Greek κράτος kratos "strength, power") is a political philosophy which holds that certain things, such as economic goods or power, should be vested in individuals on the basis of talent, effort and achievement. Advancement in such a system is based on performance, as measured through examination or demonstrated achievement. Although the concept of meritocracy has existed for centuries, the term itself was first created in 1958 by the sociologist Michael Young.
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