Engel's law
id:
engel-s-law-179-125597
title:
Engel's law
text:
Engel's law is an economic relationship proposed by the statistician Ernst Engel in 1857. It suggests that as family income increases, the percentage spent on food decreases, even though the total amount of food expenditure increases. Expenditure on housing and clothing remains proportionally the same, and that spent on education, health and recreation rises. Even though Engel's law was proposed roughly 160 years ago, it holds relevance today in the context of poverty, especially the reduction o
brand slug:
wiki
category slug:
encyclopedia
description:
Empirical observation in economics that as income rises, less is spent on food
original url:
https://en.wikipedia.org/wiki/Engel%27s_law
date created:
2004-09-24T14:08:27Z
date modified:
2024-09-04T18:18:29Z
main entity:
{"identifier":"Q1136895","url":"https://www.wikidata.org/entity/Q1136895"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/e/e4/EngelsLaw.svg","width":377,"height":542}
fields total:
13
integrity:
16