With rising incomes, the share of expenditures for food products declines. The resulting shift in expenditures affects demand patterns and employment structures.
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.
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|Birth:||26th March, 1821|
|Death:||8th December, 1896|
Ernst Engel was born in Dresden, Saxony, Germany. He was a German statistician and economist, famous for the Engel curve and the Engel's law. He studied at the Freiberg University of Mining and Technology, in Saxony. In 1850, he was directed by the government to assist in the organization of the German Industrial Exhibition of Leipzig. His efforts were so successful that, in 1854, he was induced to enter the government service, as chief of the newly instituted statistical department.
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