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Home→The Westburn Dictionary of Marketing→E→Engel's law

Engel's law

Definition:
Generalizations about consumer spending patterns in relation to income, made in 1857 by the German statistician Engel. These have been tested in a number of national and city level circumstances, and shown to be generally true. The best known law is 'as income increases the proportion of income spent on food decreases'.

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© Westburn Publishers Ltd 2002, The Westburn Dictionary of Marketing edited by Michael J Baker, ISBN 978-0-946433-01-8. www.themarketingdictionary.com. Entry: [A. J. Brown and Michael J. Baker], [1998].