Autonomous expenditure, Managerial Economics

Autonomous Expenditure

Also called Exogenous expenditure, is any expenditure that is taken as a constant or unaffected by any economic variables within our theory.  For instance, in the simple theory of the determination of national income, investment is assumed to vary directly with national income.

Posted Date: 11/28/2012 6:26:35 AM | Location : United States

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