Ramifications of the Relationship between Income and Food

Dynamics in Consumer Behavior with Respect to Agricultural and Food Products

“…Income In the 19th century, Engel formulated a "law," stating that "the poorer a family is, the greater the proportion of total expenditure which it must use to procure food. The wealthier a people, the smaller the share of expenditure on food in total expenditure" (Burk, 1962). In other words, the income elasticity of demand for food products is smaller than one.…”

Agricultural Marketing and Consumer Behavior in a Changing World

“…The wealthier a people, the smaller the share of expenditure on food in total expenditure" (Burk, 1962). In other words, the income elasticity of demand for food products is smaller than one.…”

Marketing, modernising factor in agriculture.

“…It is generally observed that the income elasticity of food with respect to expendi tures is higher than with respect to quantity. For instance, while in the United States income elasticity for food amounted to 0.12 in 1955, food being measured as per person use of farm foods from all sources, it was 0.37 when food was measured as all food and beverage expenditures per person (8). When income is increasing con sumers often are not buying more quantities but more expensive food, being of better quality with respect to taste, color and shape.…”

“…When income is increasing con sumers often are not buying more quantities but more expensive food, being of better quality with respect to taste, color and shape. But especially important in this regard is the high income elasticity of marketing services bought with food -for the United States in 1955 0.42 (8). Easiness of handling of storage and of preparing food are greatly appreciated by housewives.…”