Gresham's law
noun
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
Cite this Entry
“Gresham's law.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/Gresham%27s%20law. Accessed 4 Nov. 2025.
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