Gresham's Law
noun
Key Types & categories Parts & wholes Related & opposite
- Word type
- noun
- verb
- adjective
- adverb
- Line style
- core relation
- instance, member or derived
- substance, domain or see-also
- Direction
- arrow points to the broader concept
- dashed outline: no word in this language
- Click any word to expand it.
Senses
Sense 1 noun
(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; bad money drives out good; credited to Sir Thomas Gresham
Types & categories
- principle hypernym
Related & opposite
- economics domain topic
Table view of this graph
| Sense | Relation | Group | Word |
|---|---|---|---|
| 1 | domain topic | Related & opposite | economics |
| 1 | hypernym | Types & categories | principle |