单词 | Gresham's law |
释义 | Gresham's lawnoun Gresh·am's law ˈgre-shəmz- : 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 broadly : any process by which inferior products or practices drive out superior ones |
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