Gresham's Law (n)

n05883992

type n
lex_filenum 09
def (economics) the principle that when two kinds of money having the same denominational value are in circulation the intrinsically more valuable money will be hoarded and the money of lower intrinsic value will circulate more freely until the intrinsically more valuable money is driven out of circulation
def bad money drives out good
def credited to Sir Thomas Gresham
Outgoing links
Hypernym principle, rule
Domain of synset - TOPIC economics, economic science, political economy
Incoming links
Hyponym principle, rule
Member of this domain - TOPIC economics, economic science, political economy

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