Ernst Engel

Ernst Engel

was a German statistician and economist, famous for the Engel curve and the Engel's law.
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.More Ernst Engel quotes [03/29/2018 05:03:36]
He who attempts to draw any conclusion whatever as to the nation's wealth or poverty from the mere fact of a favorable or unfavorable Balance of Trade, has not grasped the first fundamental principle of Political Economy.More Ernst Engel quotes [03/29/2018 05:03:36]
With rising incomes, the share of expenditures for food products declines. The resulting shift in expenditures affects demand patterns and employment structures.More Ernst Engel quotes [03/29/2018 05:03:36]
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.More Ernst Engel quotes [09/11/2011 06:09:34]
With rising incomes, the share of expenditures for food products declines. The resulting shift in expenditures affects demand patterns and employment structures.More Ernst Engel quotes [09/11/2011 06:09:44]

Quotes of the month

Eugene Ryabyi Happiness is when memories of the past are like rainbow, the sky is blue in the present, and the sun is shining in the future. [10/16/2020 06:10:15] More


Ugo Foscolo Pain in those who lack bread is more resigned. [10/03/2020 12:10:18] More


Eugene Ryabyi Unfulfilled dreams turn into nightmares. [10/14/2020 09:10:52] More


Eugene Ryabyi Love is the spring of feelings, filled with soft sunshine, fragrant gardens and butterflies with magical colouring. [09/20/2020 09:09:08] More


Ugo Foscolo He who has never suffered is not worthy of well-being. [10/03/2020 11:10:49] More