what is the difference between timocracy and meritocracy

Timocracy is a form of oligarchy in which the people that form the government are property owners,while meritocracy is a system of government base on merit or levels of achieviement.

a form of government in which possession of property is required in order to hold office. a form of government in which rulers are motivated by ambition or love of honor.

Plato was speaking of his idea of the natural order of the cycle of government, as he observed in history and his own life time. The progression is Aristocracy, Timocracy, Oligarchy, Democracy, Tyranny. After Tyranny the cycle starts over.

According to SOWPODS (the combination of Scrabble dictionaries used around the world) there are 2 words with the pattern -I-O---C-. That is, nine letter words with 2nd letter I and 4th letter O and 8th letter C. In alphabetical order, they are:

simoniacs

timocracy