216k views
10 votes
State the Engel’s law

User RealDeepak
by
3.6k points

1 Answer

7 votes

Answer:

Engel's Law is an economic theory that explains the relationship between household income and specific spending on goods and services. As the family's income increases, the proportion of income spent on food decreases.

User Heliton Martins
by
3.3k points