The amount of consumption that would take place in an economy if consumers had no income. Types of goods or services that fall under autonomous consumption include items often dubbed "needs": food, housing, electricity. If consumers have no discretionary income they still will need some place to live and something to eat. When combined with discretionary income, autonomous consumption represents real wages.
Related information about autonomous consumption:
- Autonomous consumption - Wikipedia, the free encyclopedia
Autonomous consumption (also exogenous consumption) is consumption expenditure that occurs when income levels are zero. Such consumption is ...
- Autonomous Consumption Definition | Investopedia
The minimum level of consumption that would still exist even if a consumer had absolutely no income. This contrasts with discretionary consumption, which is ...
- Autonomous Consumption - Financial Dictionary - The Free Dictionary
An expenditure that does not vary with one's income. That is, autonomous consumption is what one must spend regardless of how much money one makes.
- Autonomous Consumption | Economics Help
Definition Autonomous Consumption: This is the level of consumption which does not depend on income. The argument is that even with zero income you still ...
- What is autonomous consumption? definition and meaning
Definition of autonomous consumption: The amount of consumption that would take place in an economy if consumers had no income. Types of goods or ...
- Autonomous consumption: Definition from Answers.com
Autonomous Consumption The minimum level of consumption that would still exist even if a consumer had absolutely no income.
- Autonomous consumption - AmosWEB
Household consumption expenditures that do not depend on income or production (especially disposable income, national income, or even gross domestic ...
- How to Calculate Autonomous Consumption | eHow.com
How to Calculate Autonomous Consumption. John Maynard Keynes created the consumption formula to show the relationship between disposable income and ...