Answer:
True.
Explanation:
The given statement is True.
Michael Dunlop Young coined the term Meritocracy in the year 1958. Meritocracy is a legislative arrangement in which commercial goods and/or executive authority are vested in specific people based on effort, talent and performance, rather than property or social status. performance is the basis of improvement in such a system. Although the idea of meritocracy has survived for ages.