What is luxury?

Luxury goods are internationally defined as "a kind of consumer goods with characteristics of uniqueness, scarcity and rarity beyond people's survival and development needs", also known as non-necessities of life.

In economics, luxury goods refer to products with the highest value/quality ratio. From another perspective, luxury goods refer to the products with the highest ratio of intangible value to tangible value.

Luxury goods are internationally defined as "a kind of consumer goods with uniqueness, scarcity and rarity that exceed people's needs for survival and development", also known as non-necessities of life.

In luxury economics, it refers to the product with the highest value/quality ratio. From another perspective, luxury goods refer to products with the highest proportion of intangible value or tangible value.

People usually think that luxury goods are too expensive for most people to afford. Some luxury goods are expensive items that are neither necessary nor practical, such as brand-name bags, high-end customized clothes, high-end cars and so on. Private jets and luxury yachts, of course, also belong to the luxury category. The specific situation varies from person to person. Personally, I think some things are not necessary for you, the price is too high, and they are not luxuries for you.