Autonomous Consumption
Definition Autonomous Consumption: This is the level of consumption which does not depend on income.
Autonomous consumption The part of consumption that is independent of (does not depend on) the level of disposable income. Changes in autonomous consumption shift the consumption function.
AUTONOMOUS CONSUMPTION: Household consumption expenditures that are unrelated to income or production (especially disposable, national income, or gross national product).
Autonomous consumption
That portion of consumption that is autonomous. For example, if the consumption function has the form C=C0+cY, where C0 and c are parameters and Y is income, then C0 may be called autonomous consumption.
 See also: Tip, Feedback, National income, Consumption expenditures, Perfect competition
  
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