Inequality And Wealth Distribution Questions
Meritocracy is a concept that refers to a system or society in which individuals' social and economic positions are determined based on their abilities, talents, and achievements rather than their social background, wealth, or other arbitrary factors. In a meritocratic society, individuals are rewarded and given opportunities based on their merit, hard work, and skills, rather than factors such as family connections or inherited wealth. The idea behind meritocracy is that it promotes fairness and equal opportunities for all individuals, allowing them to rise to positions of power and influence based on their own efforts and abilities. However, critics argue that true meritocracy is difficult to achieve in practice, as factors such as social inequality, discrimination, and unequal access to resources can hinder equal opportunities for all individuals.