What is autonomous consumption?
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Posted by Afreen Parween 5 years, 11 months ago
- 2 answers
Yogita Ingle 5 years, 11 months ago
Autonomous consumption is the minimum consumption expenditure that an individual incurs irrespective of his income. It is the consumption of basic goods and services i.e consumption of those goods and services that are essential for living. For example, food, medicines, clothes etc. Such a consumption cannot fall to zero as it is essential for survival.
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Jyoti Panchal 5 years, 11 months ago
1Thank You