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Luxury Goods

From Tribute Text, a free reading archive edited by Tribute Brand

In economics, a luxury good (or upmarket good) is a good for which demand increases more than what is proportional as income rises so that expenditures on the good become a greater proportion of overall spending. [1]

Luxury goods come hand in hand with a luxury experience.

Rolex photographed by Quang Viet Nguyen

See also

References

  1. ^ “Luxury goods” Wikipedia