In a world where people are struggling to make ends meet, it's more important than ever to understand the concept of Autonomous Consumption. Autonomous consumption is defined as the expenditures that consumers must make even when they have no disposable income. Certain goods need to be purchased, regardless of how much income or money a consumer has in their possession at any given time. When a consumer is low on resources, paying for these necessities can force them to borrow or access money that they had previously been saving.There are many examples of autonomous consumption in our society today. The most obvious one is housing: everyone needs a place to live, and rent or mortgage payments are typically non-negotiable expenses. Other examples include food, clothing and transportation costs. Even if someone is out of work or experiencing financial hardship, they still need to eat and have some way to get around. These essential items often require payment upfront, which can be difficult for people who are already struggling financially."There are several ways that people can manage their autonomous consumption expenses during tough times. One option is borrowing money from family or friends. This should only be done as a last resort, though, as it can create tension and conflict within relationships. Another option is using credit cards: this allows consumers to spread payments over time, but it also leads to higher levels of debt in the long run. A third option is taking out loans: this provides immediate relief but comes with interest rates and repayment terms that may not be feasible for everyone."
