DangBaekJeon result, DangBaekJeon became bad money, and SangPyeongTongBo became good money. This is related to Gresham's law, which is a monetary principle stating that "bad money drives out good". The casting of DangBaekJeon was stopped in April 1867. The next year, its distribution was stopped because of an appeal from Choe Ik-hyeon(Hangul: 최익현, Hanja: 崔益鉉), a janglyeong(Hangul:장령, Hanja: 掌令) in Joseon Dynasty. He insisted that DangBaekJeon affected adversely to all classes of the society in the past two years. After its distribution had stopped, DangBaekJeon was exchanged with SangPyeongTongBo or China money(Hangul: 청전, Hanja: 掌令) and was used in iron. Dangbaekjeon
Bad (economics) of treatment, but will greatly improve their health and well-being in the long run. Bad (economics) An economic bad is the opposite of an economic good. A 'bad' is anything with a negative value to the consumer, or a negative price in the marketplace. Refuse is an example of a bad. A bad is a physical object that lowers a consumer's level of happiness, or stated alternately, a bad is an object whose consumption or presence lowers the utility of the consumer. With normal goods, a two-party transaction results in the exchange of money for some object, as when money