The part of consumption spending that is independent of disposable income is called Autonomous consumption.
- The costs that customers must incur even when they have no extra money are referred to as autonomous consumption. No matter how much money or income a customer has available at any particular moment, some things must be bought.
What does autonomous consumption look like?
- Autonomous consumption occurs when you purchase food so you can feed yourself. Not wants—these are fundamental requirements. You might not have enough money to pay for these things, in which case you can use a credit card or money from your savings to make the purchase.
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