Examlex
Which economic integration scheme is solely intended to abolish trade restrictions among member countries,while setting up common tariffs against nonmembers?
Credentialization
Refers to the increasing demand for formal educational qualifications or credentials for employment or social status.
Meritocracy
A social system in which advancement in society is based on an individual's capabilities and merits rather than on the basis of family, wealth, or social background.
Allocation
The process of distributing resources, goods, or responsibilities among people, organizations, or sectors in a society.
Credentialization
The process by which access to occupations or positions requires increasingly higher levels of education or certification.
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