Testing the Engel's Law on the consumption pattern of the people of Tangail Sadar Upazila in Banglades
DOI:
https://doi.org/10.26867/se.2024.v13i1.159Palabras clave:
Household-income, household expenditure, Engle Law, Food expenditure, BlangladeshResumen
One of the most enduring relationships in economics is income-food expenditure relationship which is known as Engel’s law. According to the law, as a family's income grows, so does the percentage of income spend on food diminishes, despite the fact that the actual amount grows. However, in the 21st century expenditure categories have grown to include many things that weren't around in Engel's day (automobiles, health insurance, and mobile phones, for example). Hence, at more than 150 years after economists and policy makers have a tireless attention for its work, especially its applicability and relevance in different economic contexts. Thus, the study aims to investigate the relevance of the Law in Tangail Sadar Upazial of Bangladesh. To pursue the study, required data is collected from Tangail Sadar Upazial by following multi-stage sampling technique. After analyzing data, it is revealed that Engel’s Law is applicable in the study area.
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Derechos de autor 2024 A.H.M. Shaiadul Kabir Hridoy, Muhammad Rabiul Islam Liton
Esta obra está bajo una licencia internacional Creative Commons Atribución 4.0.
