When consumers spend and buy things regardless of their level of income, this is known as
A) bad financial management.
B) living the good life.
C) autonomous consumption spending.
D) using credit to its maximum.

Question

Quizplus · Accepted Answer

Autonomous consumption spending refers to the expenditure that consumers make regardless of their current income level, often based on basic needs or commitments that must be met regardless of financial situation.

When Consumers Spend and Buy Things Regardless of Their Level