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 resorts, which are very exclusive vacation facilities. Luxury real estate, a niche real estate market dealing with the highest economic group of property buyers.
In economics, a luxury good is a good for which demand increases more than proportionally as income rises, contrast with inferior good and normal good. Luxury goods are said to have high income elasticity of demand: as people become more wealthy, they will buy more and more of the luxury good.
DirectoryLuxury.com is an online luxury shopping directory providing links to luxury shopping, luxury shopping centers, luxury department stores, luxury shopping carts, luxury brand name, luxury exclusive holiday, luxury travel, luxury superior hotel, luxury fine jewelry, luxury watches, luxury real estate, luxury boutique, luxury resources, luxury louis vuitton, luxury boats, luxury fashion designer, luxury automotives, luxury auctions, luxury education foundation and more.
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