Construct · 1 fields · 1 citations

Engel's law: a standalone construct

One name. One construct. A landmark on the map.

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Engel's law1 CONSTRUCTEngel's lawHOUTHAKKER · AGRICULTURAL

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Agricultural economics

the regularity that as household income rises, the share of income spent on food falls even as food spending grows.

In agricultural economics, Engel's law refers to the regularity that as household income rises, the share of income spent on food falls even as food spending grows. This meaning comes from Houthakker (1957) in Econometrica.[1]

Unit
Recovery means
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share2 fields · 2 citationsjingle · one word, two constructs

References

  1. Houthakker, H. S. (1957). An International Comparison of Household Expenditure Patterns, Commemorating the Centenary of Engel's Law. Econometrica, 25(4), 532. https://doi.org/10.2307/1905382

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