Engel's law

noun En·gel's law \ˈeŋ(g)əlz-\

Definition of Engel's law

  1. :  a generalization in economics: such as family income increases, the percentage spent for food decreases, that spent for clothing, rent, heat, and light remains the same, while that spent for education, health, and recreation increases

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Origin and Etymology of engel's law

after Ernst Engel †1896 German statistician and economist


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