![](/template/termwiki/images/likesmall.jpg)
Home > Terms > Armenian (HY) > Գրեշամի օրենք
Գրեշամի օրենք
Bad money drives out good. One of the oldest laws in economics, named after Sir Thomas Gresham, an adviser to Queen Elizabeth I of England. He observed that when a currency has been debased and a new one is introduced to replace it, the new one will be hoarded and effectively taken out of circulation, while the old one will continue to be used for transactions, to be got rid of as fast as possible.
0
0
Improve it
- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: Economics
- Company: The Economist
- Product:
- Acronym-Abbreviation:
Other Languages:
Member comments
Terms in the News
Featured Terms
բանավոր հմտություններ
skills or abilities in oral speech, ability of speech, fluency in speaking
Contributor
Featured blossaries
vhanedelgado
0
Terms
15
Blossaries
7
Followers
Venezuelan Rum With Designation Of Origin
Category: Food 1
5 Terms
![](/template/termwiki/images/likesmall.jpg)
dnatalia
0
Terms
60
Blossaries
2
Followers
Most Brutal Torture Technique
Category: History 1
7 Terms
![](/template/termwiki/images/likesmall.jpg)
![](https://accounts.termwiki.com/thumb1.php?f=55d106bb-1405994918.jpg&width=304&height=180)
Browers Terms By Category
- Pesticides(2181)
- Organic fertilizers(10)
- Potassium fertilizers(8)
- Herbicides(5)
- Fungicides(1)
- Insecticides(1)
Agricultural chemicals(2207) Terms
- Aeronautics(5992)
- Air traffic control(1257)
- Airport(1242)
- Aircraft(949)
- Aircraft maintenance(888)
- Powerplant(616)
Aviation(12294) Terms
- Dictionaries(81869)
- Encyclopedias(14625)
- Slang(5701)
- Idioms(2187)
- General language(831)
- Linguistics(739)
Language(108024) Terms
- Ballroom(285)
- Belly dance(108)
- Cheerleading(101)
- Choreography(79)
- Historical dance(53)
- African-American(50)