Technocracy definitions

tĕk-nŏk'rə-sē
A government or social system controlled by technicians, especially scientists and technical experts.
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Government by technicians; specif., the theory or doctrine of a proposed system of government in which all economic resources, and hence the entire social system, would be controlled by scientists and engineers.
noun
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Governed by scientists and technical experts. The exact origin of technocracy is unknown but it was used by W. H. Smyth in an article in 1919. The term was popular in the 1930s because politicians were blamed for the Great Depression, and "technocrats" were thought to be a solution for government. See technologist.
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A system of governance where people who are skilled or proficient govern in their respective areas of expertise. A type of meritocracy based on people's ability and knowledge in a given area.
noun
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Origin of technocracy

techno- (“technical", “technicians") +"Ž -cracy (“rule by")