“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.”
Quote by Ernst Engel
Author
Ernst Engel
Ernst Engel, born on March 26, 1821, and died on December 8, 1896, was a prominent German statistician. He made significant contributions to the field of statistics, particularly with his research on the Engel coefficient, which is still widely used today to measure the proportion of food expenditure in a household, an important indicator for studying consumption structure. more