Merit
Part of speech: noun
Definition: Something deserving either good or bad recognition. Something worthy of a high rating. A claim to commendation or reward. The quality of deserving reward.
Part of speech: verb
Definition: To earn or to deserve. To be worthy or deserving.
Example sentence: I think there's a lot of merit in an international economy and global markets, but they're not sufficient because markets don't look after social needs.
Deservingness
Part of speech: noun
Definition: The state or quality of being deserving.