You searched for: “meritocracy
meritocracy (s) (noun), meritocracies (pl)
A government by people who are selected on the basis of merit in a competitive educational system: A meritocracy is made up of an influential class of educated people.

A meritocracy includes an elite group of people whose progress is based on ability and talent rather than on class privileges or wealth.

Meritocracy is a system in which advancement is based on an individual's ability or achievement instead of personal influences.