Luxury  

From The Art and Popular Culture Encyclopedia

Related e

Wikipedia Wiktionary Shop Featured: Rhombicuboctahedron by Leonardo da Vinci

Luxury is a material object, service, etc., conducive to sumptuous living, usually a delicacy, elegance, or refinement of living rather than a necessity: Gold cufflinks were a luxury not allowed for in his budget.

Luxury may refer to:

• Luxury good, an economic good for which demand increases more than proportionally as income rises; contrast with inferior good and normal good
• Luxury tax, tax on products not considered essential, such as expensive cars

Etymology

Middle English luxurie, from Old French luxurie, from Latin luxuria (“rankness, luxury”), from luxus (“extravagance, luxury”).

See also

• Sumptuary law
• Status symbol
• Excess
• General economy
• Conspicuous consumption