Engel's law

the assertion that the percentage of a family's income spent on food decreases as its income increases.

named after Ernst Engel (1821–96), German economist

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To engel-law
Explore Dictionary.com
Previous Definition: engel, marian
Next Definition: engelbart, douglas
Words Near: engel-law
More from Thesaurus.com
Synonyms and Antonyms for engel-law
More from Reference.com
Search for articles containing engel-law
More from Dictionary.com Translator
Dictionary.com Word FAQs

Dictionary.com presents 366 FAQs, incorporating some of the frequently asked questions from the past with newer queries.

Copyright © 2014 Dictionary.com, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature