Luxury goods
id:
luxury-goods-206-4869454
title:
Luxury goods
text:
In economics, a luxury good is a good for which demand increases more than what is proportional as income rises, so that expenditures on the good become a more significant 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.
brand slug:
wiki
category slug:
encyclopedia
description:
Good for which demand increases more than what is proportional as income rises
original url:
https://en.wikipedia.org/wiki/Luxury_goods
date created:
2004-07-26T14:06:01Z
date modified:
2024-09-10T17:25:09Z
main entity:
{"identifier":"Q949715","url":"https://www.wikidata.org/entity/Q949715"}
image:
{"content_url":"https://upload.wikimedia.org/wikipedia/commons/9/9d/Foie_gras_with_sauternes.jpg","width":2156,"height":3234}
fields total:
13
integrity:
16