Translation and analysis of words by ChatGPT artificial intelligence
On this page you can get a detailed analysis of a word or phrase, produced by the best artificial intelligence technology to date:
- how the word is used
- frequency of use
- it is used more often in oral or written speech
- word translation options
- usage examples (several phrases with translation)
- etymology
Engel"s law - translation to dutch
!["Jack and the Giant Joint-Stock", a cartoon in ''Town Talk'' (1858) satirizing the 'monster' joint-stock economy that came into being after the [[Joint Stock Companies Act 1844]]](https://commons.wikimedia.org/wiki/Special:FilePath/Jack and the Giant Joint-Stock.jpg?width=200 "\"Jack and the Giant Joint-Stock\", a cartoon in ''Town Talk'' (1858) satirizing the 'monster' joint-stock economy that came into being after the [[Joint Stock Companies Act 1844]]")
![Strikers gathering in [[Tyldesley, Greater Manchester]] in the [[1926 United Kingdom general strike]]](https://commons.wikimedia.org/wiki/Special:FilePath/Tyldesley miners outside the Miners Hall during the 1926 General Strike.jpg?width=200 "Strikers gathering in [[Tyldesley, Greater Manchester]] in the [[1926 United Kingdom general strike]]")
![As one of the only [[international organizations]] with real enforcement power through trade sanctions, the [[WTO]] has been the target for calls by labour lawyers to incorporate global standards of the [[International Labour Organization]].](https://commons.wikimedia.org/wiki/Special:FilePath/Wto logo.svg?width=200 "As one of the only [[international organizations]] with real enforcement power through trade sanctions, the [[WTO]] has been the target for calls by labour lawyers to incorporate global standards of the [[International Labour Organization]].")
Definition
Wikipedia
Engel's law is an economic relationship proposed by the statistician Ernst Engel in 1857. Even though Engel's law was proposed roughly 160 years ago, it holds relevance today in the context of poverty, especially the reduction of poverty. For instance, the lines and rates for national poverty are often determined by the food share of household expenditure.
One definition of Engel's law by the Merriam-Webster dictionary is as follows: "a generalization in economics: such as family income increases, the percentage spent for food decreases, that spent for clothing, rent, heat, and light remains the same, while that spent for education, health, and recreation increases"
A quotation of Engel himself from 1932 reveals the same relationship between income and percentage of income spent on food, but also indicates the application of Engel's Law in measuring standard of living: "The poorer is a family, the greater is the proportion of the total outgo [family expenditures] which must be used for food. ...The proportion of the outgo used for food, other things being equal is the best measure of the material standard of living of a population."
