gresham’s law

Gresham’s law. The principle that inferior products or practices tend to displace superior ones. • This economic principle is popularly attributed to Sir Thomas Gresham (1519–1579), even though earlier writers such as Oresme and Copernicus discussed it.

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词条贡献者

双语律师Akira，国际知名法学院法律专业，擅长翻译各类与地产开发相关的法律文件。