Comprobación de la ley de Engel en el patrón de consumo de loshabitantes de Tangail Sadar Upazila en Bangladesh

Abstract

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.