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What is autonomous consumption?

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What is autonomous consumption?
  • 2 answers

Jyoti Panchal 5 years, 6 months ago

Consumption at 0level of income is called autonomous consumption.

Yogita Ingle 5 years, 6 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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