Wish all my Linkedin Connections, Readers and Followers of my Posts a Warm and Happy New Year in 2015. I wish you have a Peaceful and Prosperity filled year which you enjoy with your family and friends.
“All truths are easy to understand once they are discovered; the point is to discover them.” Galileo Galilei said on Truth .

Our Term of the Day today is

Meritocracy

Governance by elites who deserve to wield power because they possess merit (defined as 'intelligence plus effort') instead of by those who merely possess wealthor belong to privileged classes. Such a system, in theory,forms the basis of an 'equal opportunity' society.
But, in practice, unrestricted meritocracy may result in a society without rules and concentrate power in only a few hands. The term was coined by the UK sociologist Michael Young in 1958 book, 'The Rise Of Meritocracy.'
Learn more about this term
Usage Example While a meritocracy seems like a good idea in theory, in reality it may not be the best idea for everyone in power to get to their position based solely off merit.
Our Investor Word of the Day is
Term of the Day

Consolidation

  1. The combining of separate companiesfunctional areas, or product lines, into a single one. Differs from a merger in that a new entity is created in the consolidation.
  2. The process of maturation in some markets whereby smallercompaniesare acquired or run out of business, leaving only a few dominant players; here also called shakeout.
Learn more about this term
Usage Example
During the consolidation process many people lost their jobs due to the combining of two companies into one.
Picture Credit : My Amateur effort - Last Painting made in 2014 Using Chinese Brushes and Paints as part of my past 4 months of Learning to Draw and Paint.