Ikador Luxury Boutique Hotel Spa Europe Croatia Ika Palace Elisabeth, hvar heritage hotel Europe Croatia Hvar Sun Gardens Dubrovnik Europe Croatia Dubrovnik Villa Dubrovnik Europe Croatia Dubrovnik Amathus Beach Hotel Limassol Europe Cyprus Limassol Anassa Europe Cyprus Neo Chorio The Grand Mark Prague Europe Czech Republic PragueIn economics, a luxury good (or upmarket good) is a good for which demand increases more than proportionally as income rises, so that expenditures on the good become a greater proportion of overall spending.. Luxury goods are in contrast to necessity goods, where demand increases proportionally less than income. Luxury goods is often used synonymously with superior goods.
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