Ernst Engel - Quotes

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The poorer is a family, the greater is the proportion of the total outgo which must be used for food... The proportion of the outgo used for food, other things being equal, is the best measure of the material standard of living of a population. ---->>>

With rising incomes, the share of expenditures for food products declines. The resulting shift in expenditures affects demand patterns and employment structures. ---->>>


Nationality: German
Born: March 26, 1821
Die: December 8, 1896
Occupation: Economist

Ernst Engel (March 26, 1821 – December 8, 1896) was a German statistician and economist, famous for the Engel curve and the Engel's law.(wikipedia)