Anushka posted an Question
March 27, 2021 • 03:32 am 30 points
  • UGC NET
  • Economics

Kindly explain this to me .

kindly explain this to me .,........................

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  • Aabha mishra 1

    Autonomous investment is an investment which is independent of the change in income. This clearly means that autonomous investment in income inelastic hence the factor (c) can be ruled out and autonomous investment can be attributed to factors (a) and (b) hence clearly the answer is 3

  • Ravindra nath mahto best-answer

    Autonomous investment means an investment which is independent of level of income and interest rate. But it doesn't mean that autonomous investment doesn't depend on any factor. Of course, it depends. Such investment only arises on the expectation of profit and the level of existing technology. So, I think the answer should be 3.

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