Definition of Luxury Goods

Definition of Luxury Goods

Luxury is internationally defined as "a people's survival and development needs of the range, with unique, rare, exotic features such as consumer goods", also known as non-necessities. Luxury in terms of economics, refers to the value / quality relationship between the maximum ratio of the product. From another point of view, luxury is an intangible value / tangible relationship between the ratio of the highest value products. Is a high-end luxury consumer consumption behavior, a luxury in itself is no derogatory term. China is the world's largest luxury goods market. In 2010, Chinese consumers bought 107 million U.S. dollars of luxury goods, accounting for a quarter of the world's consumer goods market.


Luxury brands
Luxury resources are a natural resource. A city, whether by foreign or domestic, to obtain the resources, the luxury will have a smile and make people become happy and stable. And how many faces can produce luxury goods is basically the city is not on the market.

When a city has the luxury of resources, it will display the window in the city's luxury storage area is displayed. Le in the best-selling book, "bring plenty of luxury," this definition of luxury: "Luxury is a whole or in part, by their luxury lifestyle community that is mostly determined by the product or service." Now, luxury goods in the international concept of "a people's survival and development needs of the range, with unique, rare, exotic features such as consumer goods", also known as non-necessities.
In the Chinese concept, luxury is synonymous with greed, extravagance and waste. In fact, from an economic sense, is essentially a high-end luxury consumer behavior itself does not speak ill of the points. From a social sense, is a personal taste and quality of life improved.

Economics is defined as the luxury goods is growing faster than its revenue growth in demand for goods. It covers a wide range of possible, from ginseng, brand name watches to luxury cars, may be a luxury.

However, people usually think those are very expensive luxury items that most people can not afford the items. Some luxury goods is neither necessary nor practical use of expensive items such as designer bags, haute couture and high-end cars. Luxury private jets and luxury yachts of course, belong to the scope.