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Engel's Law

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Inequality from a different Engel
australia

Inequality from a different Engel

Last semester, I was introduced to Engel’s Law. In my quantitative methods subject, some students asked about deriving the relationship from income earned and food expenditure for a sample of households. While once regarded as a useful and interesting economic theory, it is now also a cause for worry.
Dec 9, 2014 4 min read
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