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Luxury Definition & Meaning - Merriam-Webster
The meaning of LUXURY is a condition of abundance or great ease and comfort : sumptuous environment. How to use luxury in a sentence.
What are luxuries? Definition and examples - Market Business …
As luxuries are considerably more expensive than other goods and services, they are bought by people with a high disposable income more frequently than those further down the socioeconomic ladder. The Economist explains luxuries as follows: “Goods and services that have a high elasticity of demand. When the price of, say, a Caribbean holiday ...
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