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Affects Demand Quotes by Ernst Engel

1 Affects Demand quote by Ernst Engel

With rising incomes, the share of expenditures for food products declines. The resulting shift in expenditures affects demand patterns and employment structures.

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Ernst Engel has 3 quotes on this site. A few more worth reading:

He who attempts to draw any conclusion whatever as to the nation's wealth or poverty from the mere fact of a favorable…
With rising incomes, the share of expenditures for food products declines. The resulting shift in expenditures affects demand patterns and employment structures.
The poorer is a family, the greater is the proportion of the total outgo which must be used for food... The proportion…

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With rising incomes, the share of expenditures for food products declines. The resulting shift in expenditures affects demand patterns and employment structures. — Ernst Engel

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