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Luxury Item

Luxury Item Definition

A luxury item (or luxury good) is an item that is considered to be highly desirable and it is usually expensive.


Additional meaning of Luxury Item:

Luxury items are also called "positional goods" because they show signs that the owner of the luxury item has "made it" or in other words has achieved a certain position within society to be able to afford such an item. 


RELATED TERMS
Luxury
Luxury good




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