Autonomous consumption (also exogenous consumption, autonomous spending) is the consumption expenditure that occurs when income levels are zero. Such consumption is considered autonomous of income only when expenditure on these consumables does not vary with changes in income; generally, it may be required to fund necessities and debt obligations.
Autonomous consumption (also exogenous consumption, autonomous spending) is the consumption expenditure that occurs when income levels are zero. Such consumption is considered autonomous of income only when expenditure on these consumables does not vary with changes in income; generally, it may be required to fund necessities and debt obligations.
Source: Wikipedia "Autonomous consumption" · CC BY-SA 4.0
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