Final answer:
Meritocracy is a system where personal effort and merit determine social standing, although no society has fully achieved this ideal.
Explanation:
Meritocracy is a hypothetical system where social standing is based on personal effort and merit. In this system, individuals succeed based on hard work and natural abilities, overlooking structural or racial inequities. However, no society has ever fully achieved a pure meritocracy due to various influencing factors like inheritance and societal beliefs.
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