Definition of Gresham's law
: 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
Keep scrolling for more
required by fashion, etiquette, or custom
Get Word of the Day daily email!