Engel curve

English

Etymology

After the statistician Ernst Engel.

Noun

Engel curve (plural Engel curves)

  1. A theoretical economic curve that describes how household expenditure on a particular good or service varies with household income.
This article is issued from Wiktionary. The text is available under Creative Commons Attribution-Share Alike 4.0 unless otherwise noted. Additional terms may apply for the media files.