What is LUXURY ?
According to wikipedia luxury is:
luxury (plural luxuries)
- very wealthy and comfortable surroundings.
- something desirable but expensive.
- something very pleasant but not really needed in life.
Luxury can refer to several things:
- Luxury good, an economic good for which demand increases more than proportionally as income rises, contrast with
- Luxury tax, a tax on products not considered essential, such as expensive cars
- Luxury tax (sports), a surcharge put on the aggregate payroll of a sports team to the extent to which it exceeds a predetermined guideline level set by the league
- Luxury vehicle, a relatively expensive automobile
- Luxury yacht, a very expensive privately owned yacht which is professionally crewed
- Luxury real estate, a niche real estate market dealing with the highest economic group of property buyers
- Luxury resorts, which are very exclusive vacation facilities
- Luxury box, a term for a special seating section in arenas, stadiums and other sports venues
- Luxury magazine, a magazine devoted to fine craft
more from Luxury Institute
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