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

Add an image

Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Economy
Category: Economics
Company: The Economist
Product:
Acronym-Abbreviation:

Collect to Blossary

Other Languages:

Related terms

օրենք

Sociology; General sociology

A binding custom or practice of society that is codified (written down) and enforced by legitimate governmental authority.

Շարունակականության օրենք

Philosophy; Metaphysics

Լեյբնիցի այս պոստուլատում ասվում է, որ բնության մեջ չկան բաց տեղեր կամ ավելորդություններ, բոլոր հնարավոր տեսակների ամեն հնարավոր ինտենսիվությամբ պետք է գոյություն ունենան: Սա ...

վարկանիշ

Economy; Economics

A guide to the riskiness of a financial instrument provided by a ratings agency, such as Moody’s, Standard and Poor’s and Fitch IBCA. These measures of credit quality are mostly ...

նորմավորում

Economy; Economics

Although economists say that rationing is what the price mechanism does, what most people think of as rationing is an alternative to letting prices determine how scarce economic ...

իրական փոխարժեք

Economy; Economics

An exchange rate that has been adjusted to take account of any difference in the rate of inflation in the two countries whose currency is being exchanged.

իրական տոկոսադրույք

Economy; Economics

The interest rate less the rate of inflation.

անկում

Economy; Economics

Broadly speaking, a period of slow or negative economic growth, usually accompanied by rising unemployment. Economists have two more precise definitions of a recession. The first, ...