Luxury Good
Luxury goods are products and services that are not considered essential and are associated with affluence. The concept of luxury has been present in various forms since the beginning of civilization. Its role was just as important in ancient western and eastern empires as it is in modern societies. With the clear differences between social classes in earlier civilizations, the consumption of luxury was limited to the elite classes.
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Famous quotes containing the word luxury:
“Art can never match the luxury and superfluity of Nature. In the former all is seen; it cannot afford concealed wealth, and is niggardly in comparison; but Nature, even when she is scant and thin outwardly, satisfies us still by the assurance of a certain generosity at the roots.”
—Henry David Thoreau (1817–1862)