What Is Meritocracy? Why Do Caste Systems Have Little of It

question 132

Essay

What is meritocracy? Why do caste systems have little of it? Why do class systems have more? Illustrate how class systems combine caste and meritocracy with reference to the United States and also Great Britain.

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Definitions:

Intercompany Profits

Profits that arise from transactions between companies within the same group, which are not realized from the perspective of the consolidated entity.

Consolidation Method

An accounting method used when a parent company includes the financials of its subsidiary into its own financial statements.

Unrealized Profits

Profits that have been earned on paper through an investment's increased value but have not yet been realized through a sale.

After-Tax Dollar Value

The net value of an investment or income after all applicable taxes have been subtracted.