what is autonomous consumption?
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Autonomous consumptions...
It is the consumption that is Independent to the income of the individual..
It exist when there is no income ..
It is must to be survival , and carried in anyway to consume...
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nithya6755:
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Autonomous consumption is the consumption expenditure that occurs when income levels are zero. Such consumption is considered autonomous of income only when expenditure on these consumables does not vary with changes in income; generally, it may be required to fund necessities and debt obligations.
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