Точка Синхронізації

AI Archive of Human History

🌐 Entity Luxury goods

Luxury goods

Good for which demand increases more than what is proportional as income rises

📊 Rating

6 news mentions · 👍 0 likes · 👎 0 dislikes

📌 Topics

  • Economy (3)
  • Fashion (2)
  • Luxury Industry (2)
  • Commerce (1)
  • Culture (1)
  • Corporate Finance (1)
  • Strategic Restructuring (1)
  • Luxury Goods (1)
  • Geopolitics (1)
  • Technology (1)
  • Global Trade (1)
  • Economics (1)

🏷️ Keywords

Luxury market (3) · Kering (2) · Gucci (2) · Financial results (2) · Antwerp (2) · Lab-grown diamonds (2) · New York Fashion Week (1) · NYFW (1) · Fall/Winter collections (1) · Runway trends (1) · Luxury brands (1) · Designer apparel (1) · Fashion industry (1) · Revenue decline (1) · Fiscal Year 2025 (1) · François-Henri Pinault (1) · Revenue slump (1) · China demand (1) · Operating loss (1) · Diamond District (1)

📖 Key Information

In economics, a luxury good (or upmarket good) is a product or item or service for which demand increases more than what is proportional as income rises, so that expenditures on the good become a more significant proportion of overall spending. Luxury goods are in contrast to necessity goods, where demand increases proportionally less than income. Whereas people consume necessity goods to meet basic survival needs, luxury goods are consumed both for their "intrinsic quality and to signal their wealth and confirm social status." In economics, luxury goods is often used synonymously with superior goods.

📰 Related News (6)

🔗 Entity Intersection Graph

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