liè​bì​qū​zhú​liáng​bì

Gresham's Law

Senses

劣币驱逐良币/ 劣幣驅逐良幣 liè​bì​qū​zhú​liáng​bì Gresham's Law

economic principle that if two kinds of money with the same nominal value but different intrinsic value are in circulation, the inferior currency will displace the superior currency

劣币驱逐良币/ 劣幣驅逐良幣 liè​bì​qū​zhú​liáng​bì bad money drives out good

used figuratively to describe a situation where inferior people or things displace superior ones within a group or system

References

No references for this word.