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Ernst Engel Quotes
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Type: Economist Quotes Category: German Economist Quotes Date of Birth: March 26, 1821 Date of Death: December 8, 1896 Nationality: German Find on Amazon: Ernst Engel Related Authors: Stephen Leacock Milton Friedman Alan Greenspan John Maynard Keynes Thomas Sowell Adam Smith John Kenneth Galbraith Muhammad Yunus Jeffrey Sachs |
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.
Ernst Engel With rising incomes, the share of expenditures for food products declines. The resulting shift in expenditures affects demand patterns and employment structures. Ernst Engel |
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