Engel curve
economics
Also known as: Engel’s law
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formulation by Engel
- In Ernst Engel
…for the “Engel curve,” or Engel’s law, which states that the lower a family’s income, the greater is the proportion of it spent on food. His conclusion was based on a budget study of 153 Belgian families and was later verified by a number of other statistical inquiries into consumer…
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