mer·i·toc·ra·cy 
(mĕr′ĭ-tŏkrə-sē)
(mĕr′ĭ-tŏkrə-sē)n. pl. mer·i·toc·ra·cies
1. A system in which advancement is based on individual ability or achievement.
2.
a. A group of leaders or officeholders selected on the basis of individual ability or achievement.
b. Leadership by such a group.
merit·o·crat′ (-ĭ-tə-krăt′) n.
mer′it·o·cratic adj.