Ernst Engel Quotes

Ernst Engel
Ernst Engel
German Economist
Born: Mar 26, 1821
Died: Dec 8, 1896
Affects Demand Employment Expenditures Food Incomes
Related authors: Adam Smith Alan Greenspan E. F. Schumacher John Kenneth Galbraith John Maynard Keynes Milton Friedman Paul A. Volcker Thomas Sowell
With rising incomes, the share of expenditures for food products declines. The resulting shift in expenditures affects demand patterns and employment structures. Ernst Engel
Food Rising Structures Resulting Share Demand Employment Shift Affects Expenditures Patterns Products Incomes
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
Best Food Family Living Other Must Total Proportion Equal Greater Material Being Which Poorer Used Measure Standard Population Things

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