Economy, asked by manishhockey6369, 10 months ago

what is meaning of engels law​

Answers

Answered by Anonymous
10

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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).

Answered by kdeep9502gmailcom
0

Answer:

it is observed in the economics in shows the income Falls and rises

in the economic conditions

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