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11/04/2025

When a consumer's income is zero, he still consumes, which is called autonomous consumption. Basically, food, shelter, and healthcare are included in autonomous consumption. Because even when his income is zero, he still consumes food, shelter, and healthcare through his savings or borrowing.

In the Consumption Function,

C=a+bYd

Here ,a is the autonomous consumption

29/04/2024

Capitalist economy , socialist economy or mixed economy

01/09/2023

Bad policies are eating our launch and dinner.

27/08/2023

Let's talk about how you manage your finances

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