Question

What is engel theory

Answer 1

Engel's Law is an economic theoryintroduced in 1857 by Ernst Engel, a German statistician, stating that the percentage of income allocated for food purchases decreases as income rises.

Answer 2

engel'sLaw is an
economic theoryintrouced in
1857 by Ernst Engel,a german
statistician, stating that the
percentage of income allocated
for food purchases decrases as
income rises