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