Economy, asked by hajmohamed60, 10 months ago

define engels low please tell answer​

Answers

Answered by IIT4U
0

Answer:

WHAT IS ENGEL'S LAW

Explanation:

Engel's Law is an economic theory introduced in 1857 by Ernst Engel, a German statistician, stating that the percentage of income allocated for food purchases decreases as income rises. As a household's income increases, the percentage of income spent on food decreases while the proportion spent on other goods (such as luxury goods) increases.

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