The Engel expenditure curve and consumer behaviour
ENConsumer behaviour is analysed in context of expenditures, that consumer (household) spends for buying of goods and services in most easiest and theoretical most often mentioned point of view. One of the instruments, which is suitable for using in this context, it is Engel´s expenditure curve. Although Engel´s curve has many constraints, it can be used as a partial indicator of well-being. The analysis of the relationship between expenditure and consumer incomes between years 1993 and 2017 is focused on the application part of the contribution. In the case of the transition of the economy from the current phase of the business cycle to the next one, it is also possible to expect an able change in household expenditures and consumer habits, where recession usually leads to a reduction in incomes and to a restruc-turing of household consumption expenditure.
