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Gresham's Law vs principle

principle vs Gresham's Law

Gresham's Law and principle both are nouns.

Word NounAdjectiveVerbAdverb
Gresham's Law Yes No No No
principle Yes No No No
As nouns, principle is a hypernym of Gresham's Law; that is, principle is a word with a broader meaning than Gresham's Law:
  • Gresham's Law: (economics) the principle that when two kinds of money having the same denominational value are in circulation the intrinsically more valuable money will be hoarded and the money of lower intrinsic value will circulate more freely until the intrinsically more valuable money is driven out of circulation; bad money drives out good; credited to Sir Thomas Gresham
  • principle: a rule or law concerning a natural phenomenon or the function of a complex system
Other hypernyms of Gresham's Law include rule.
Gresham's Law (noun) principle (noun)
(economics) the principle that when two kinds of money having the same denominational value are in circulation the intrinsically more valuable money will be hoarded and the money of lower intrinsic value will circulate more freely until the intrinsically more valuable money is driven out of circulation; bad money drives out good; credited to Sir Thomas Gresham a basic truth or law or assumption
a rule or standard especially of good behavior
(law) an explanation of the fundamental reasons (especially an explanation of the working of some device in terms of laws of nature)
a basic generalization that is accepted as true and that can be used as a basis for reasoning or conduct
a rule or law concerning a natural phenomenon or the function of a complex system
rule of personal conduct
Difference between Gresham's Law and principle

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