Definitions for luxury goods
lux·ury goods

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1. Luxury goods

   In economics, a luxury good (or upmarket good) is a good for which demand increases more than proportionally as income rises, so that expenditures on the good become a greater proportion of overall spending. Luxury goods are in contrast to necessity goods, where demand increases proportionally less than income. Luxury goods is often used synonymously with superior goods. The word "luxury" originated from the Latin word luxus, which means indulgence of the senses, regardless of cost.

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1. Luxury goods

   In economics, a luxury good is a good for which demand increases more than proportionally as income rises, and is a contrast to a "necessity good", for which demand increases proportionally less than income. Luxury goods are often synonymous with superior goods and veblen goods.

How to pronounce luxury goods?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say luxury goods in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of luxury goods in Chaldean Numerology is: 2

2. Pythagorean Numerology

   The numerical value of luxury goods in Pythagorean Numerology is: 1

Examples of luxury goods in a Sentence

1. Michael Kimmelman:

   Hudson Yards glorifies a kind of surface spectacle — as if the peak ambitions of city life were consuming luxury goods and enjoying a smooth, seductive, mindless materialism.

2. Angela McIntyre:

   The purchase experience for luxury goods is different than for consumer electronics, and Apple Watch can be considered a luxury item.

3. Angela McIntyre:

   Purchasing the Watch in a physical Apple store would be preferable to many people versus buying it online, the purchase experience for luxury goods is different than for consumer electronics, and Apple Watch can be considered a luxury item.

4. Jelena Sokolova:

   > LONDON, Jan 31( Reuters) - Europes glittering luxury companies, the regions top stock-market performers in 2023, may see yet more gains driven by a rebound in Chinese spending, but for some the sector is starting to look expensive.The likes of French luxury giant and Louis Vuitton-owner LVMH, and Swiss jewelry company Richemont( CFR.S), have benefited from the resilience of their wealthy customers against the cost-of-living crisis.Since the start of 2023, Chinas decision to allow more normal activity and dismantle its strict COVID-19 restrictions has provided another boost for the sector.An index of European luxury goods retailers(. dMIEU0TA00PUS) has rallied around 18 % so far this year, outperforming the wider pan-European STOXX 600(. STOXX), which is up 6.2 % in the same time frame.But the fact that luxury goods companies are not as cheap as they once were is a concern/point of attention, said Kasper Elmgreen, Head of Equities at Amundi, Europes largest asset manager.They’re much more fairly valued today, there is less that is perhaps undiscovered. The risk is that when something moves to being priced to perfection there is always a higher risk of disappointment.The price-to-earnings ratio of the MSCI Europe luxury index is around 26, while that of the broader STOXX is closer to 13, according to Refinitiv data.Reuters GraphicsEuropean luxury has historically traded at a big premium relative to the broader market, but this has widened even further in recent years. At 23 times 12-month forward earnings, its current premium of 82 % is almost twice as much as the 20-year average, according to Refintiv Datastream.snapshotTHE APPLE OF EUROPES EYELVMH, Europes most valuable company by market capitalisation, has a PE ratio of around 30, while rival Hermes( HRMS.PA) has a valuation of almost 60, according to Refinitiv data. Apple( AAPL.O), the worlds most valuable company, commands a PE ratio of around 23. Jelena Sokolova, senior equity analyst at Morningstar, said that China reopening is the key issue for European luxury stocks this year, and is already at least 50 % priced in.Currently we do n’t see this sector as undervalued anymore... there were some opportunities last year, but they are fairly valued now, or a little too overvalued at the moment.

5. Joe Bagley:

   The items are significant because we rarely see them, archaeologically, also, Puritan Boston is often seen as an extremely conservative, reserved, and religious location in the 17th century, which it was, but in wealthier houses, the residents had access to luxury goods, purchased them, and enjoyed their more extravagant lifestyle in the privacy of their own home.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Luxury_Goods
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=luxury goods