Autonomous Consumption

Business, Legal & Accounting Glossary

Definition: Autonomous Consumption


Autonomous Consumption


Full Definition of Autonomous Consumption


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.


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Autonomous Consumption. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. November 30, 2021 https://payrollheaven.com/define/autonomous-consumption/.
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Autonomous Consumption. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/autonomous-consumption/ (accessed: November 30, 2021).
American Psychological Association (APA):
Autonomous Consumption. PayrollHeaven.com. Retrieved November 30, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/autonomous-consumption/

Definition Sources


Definitions for Autonomous Consumption are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.