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In adolescence, if the discrepancy between a teen's own ideas and those of friends becomes too great, the teen will be more likely to switch to a more compatible group of friends than to adopt the values or attitudes of the first group of friends.
Autonomous Consumption
The level of consumption that occurs when income is zero, representing the amount that needs to be consumed to sustain a basic standard of living.
Disposable Income
The financial pot allocated for households to manage their savings and expenditures after income tax deductions.
Autonomous Consumption
The level of consumption spending that occurs when income is zero, representing the expenditures that consumers must make even when they have no income.
Disposable Income
Households' budget for spending and savings after the necessary income taxes have been deducted.
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