January 12, 2012

A meritocracy is a system of governance where decisions are objectively made

1. A Meritocracy is a system of governance where appointments and responsibilities are objectively assigned only based on merits determined through evaluation of competency measured by some standardized test or achievement criterion.
2. Freemium economics is a business model where a certain basic service or product is offered free to the masses with some paid advanced features or services.

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