Autonomous consumption


(i) Consumption is that part of income which is spent on purchasing goods and services. Autonomous consumption refers to the types of consumption which is independent of income. It is income inelastic.

(ii) Autonomous consumption can never be zero. Even at a zero income level, there is some positive autonomous consumption.



10 comments:

  1. if this helps me in tomrrows exam then i will tell my every friend relatives about this

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  2. All the best to all for tommorow Broys!!

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  3. i haven't learned anything are there any chances to be passed
    ??

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  4. If I will study only these imp question of omtex i will pass economics exam ?

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