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Ernst Engel Quotes
Ernst Engel Quotes
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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