1
Question
Give the meaning of autonomous consumption.
Open in App
Solution
Autonomous
consumption refers to that consumption which occurs when there is no income in
the economy. It is the minimum level of consumption that takes place in the
economy which is the basic necessity of life.
Autonomous consumption refers to that consumption which occurs when there is no income in the economy. It is the minimum level of consumption that takes place in the economy which is the basic necessity of life.
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
