Autonomous consumption is always

Name: Autonomous consumption is always
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Autonomous consumption refers to the minimum level of consumption that would still occur even if a consumer had no income. This concept assumes that individuals have some level of consumption to meet basic needs, regardless of income, often supported by borrowing or using savings. Therefore, it is considered to be always positive, as it represents the base level of consumption necessary for survival or minimum standard of living.

Autonomous Consumption Is Always