Read the passage carefully and answer the questions based on the passage:

Calculate various parameters of Aggregate Demand, Aggregate Supply and related concepts

_____ is the minimum level of consumption done at zero income level and is independent of income.

Autonomous consumption

The correct answer is Option (1) → Autonomous consumption

Autonomous consumption refers to the minimum level of consumption that occurs even when income is zero. It represents basic consumption needs that are independent of income, such as food, shelter, and clothing—often financed through savings or borrowing.