AUTONOMOUS SAVING: Household saving that is unrelated to income or production (especially disposable, national income, or gross national product). This is saving that would occur even if household disposable income was zero. Autonomous saving is graphically depicted as the vertical intercept of the saving or propensity-to-save line. Autonomous saving is the equal to the negative value of autonomous consumption. Changes in autonomous saving, along with changes in autonomous expenditures, are what trigger the multiplier effect.

     See also | saving | consumption expenditures | disposable income | gross domestic product | saving line | autonomous consumption | autonomous expenditure | multiplier | induced saving |

AUTONOMOUS SAVING, AmosWEB GLOSS*arama, http://www.AmosWEB.com, AmosWEB LLC, 2000-2024. [Accessed: October 10, 2024].

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The opportunity cost incurred by all of the factors of production used by a firm to produce a good or service, including wages paid to labor, rent paid for the land, interest paid to capital owners, and a normal profit paid to entrepreneurs. Total cost is most important in the analysis a firm's short-run production decision and is frequently separated into total variable cost and total fixed cost. Two other cost measures directly related to total cost are marginal cost and average total cost. Total cost is half of the information a firm uses to determine profit, the other half is total revenue.

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