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Meritocracy (merit, from Latin mereō, and -cracy, from Ancient Greek κράτος kratos 'strength, power') is the notion of a political system in which economic goods or political power are vested in individual people based on ability and talent, rather than wealth, social class, [1] or race.
e. In philosophy, economics, and political science, the common good (also commonwealth, general welfare, or public benefit) is either what is shared and beneficial for all or most members of a given community, or alternatively, what is achieved by citizenship, collective action, and active participation in the realm of politics and public service.
5%. 4%. 3%. 2%. 1%. The interest on corporate bonds and government bonds is usually payable twice yearly. The amount of interest paid every six months is the disclosed interest rate divided by two and multiplied by the principal. The yearly compounded rate is higher than the disclosed rate.
Personal development or self-improvement consists of activities that develop a person's capabilities and potential, build human capital, facilitate employability, enhance quality of life, and facilitate the realization of dreams and aspirations. [1] Personal development may take place over the course of an individual's entire lifespan and is ...
In psychology, decision-making (also spelled decision making and decisionmaking) is regarded as the cognitive process resulting in the selection of a belief or a course of action among several possible alternative options. It could be either rational or irrational. The decision-making process is a reasoning process based on assumptions of ...
t. e. Achieved status is a concept developed by the anthropologist Ralph Linton for a social position that a person can acquire on the basis of merit and is earned or chosen through one's own effort. It is the opposite of ascribed status and reflects personal skills, abilities, and efforts. Examples of achieved status include being an Olympic ...
Effectiveness. Look up effectiveness in Wiktionary, the free dictionary. Effectiveness or effectivity[1] is the capability of producing a desired result or the ability to produce desired output. When something is deemed effective, it means it has an intended or expected outcome, or produces a deep, vivid impression.
Social status is the relative level of social value a person is considered to possess. [1][2] Such social value includes respect, honor, assumed competence, and deference. [3] On one hand, social scientists view status as a "reward" for group members who treat others well and take initiative. [4] This is one explanation for its apparent cross ...