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. An increase in autonomous consumption then represents an upward shift in the consumption function.
Browse by Subjects
computational error
fluctuate
amortisation
inactive account
Indian Rupee (INR or Rs or Rp)