Economy, asked by naveera12, 10 months ago

define and explain engles law?????​

Answers

Answered by Anonymous
1

Answer:

Engel's law is an observation in economics stating that, as income rises, the proportion of income spent on food falls―even if absolute expenditure on food rises. In other words, the income elasticity of demand of food is between 0 and 1. The law was named after the statistician Ernst Engel (1821–1896)

Explanation:

Mark me as branilest...

Similar questions