GRESHAM'S LAW


Meaning of GRESHAM'S LAW in English

noun Etymology: Sir Thomas Gresham Date: 1858 an observation in economics: when two coins are equal in debt-paying value but unequal in intrinsic value, the one having the lesser intrinsic value tends to remain in circulation and the other to be hoarded or exported as bullion

Merriam Webster. Explanatory English dictionary Merriam Webster.      Толковый словарь английского языка Мерриам-Уэбстер.