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Autonomous Consumption Is the Extra Consumption That Is Generated as More

question 61

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Autonomous consumption is the extra consumption that is generated as more income is earned.


Definitions:

Development Strategy

A plan of action designed to achieve specific long-term goals or outcomes, usually related to economic growth or societal improvement.

Industrializing

The process of transforming an economy to be based largely on manufacturing industries rather than agriculture.

Food Aid

Assistance given in the form of food to individuals or regions in need, often provided during crises or for development projects.

Agricultural Development

The process and strategies aimed at improving the economy and living standards through increased productivity, efficiency, and sustainability in farming and related agricultural activities.

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