Economic Definition of autonomous. Defined.
Offline Version: PDF
Term autonomous Definition: The general notion that changes in one variable are NOT related to, or caused by, changes in another variable. Autonomous relations, especially changes in aggregate expenditures that disrupt the macroeconomy, are a key aspect of Keynesian economics and business cycles The alternative to an autonomous relation between variables is an induced relation, in which one variable is related to another.
« automatic transfer service accounts | autonomous change »
Permalink: https://glossary.econguru.com/economic-term/autonomous