luxury
Luxury refers to goods or services that provide perceived quality, rarity, and prestige beyond basic utility. They are typically associated with high price, craftsmanship, brand heritage, limited availability, and experiential elements that enhance the sense of exclusivity.
Historically, the concept comes from the Latin luxus meaning excess and has shifted from aristocratic opulence
Manufacturing and distribution strategies emphasize craftsmanship, controlled production, and selective retailing. Luxury brands invest in storytelling,
Cultural meanings of luxury vary across regions and generations. In some cultures, luxury signals status and
Critiques focus on inequality, resource use, and the environmental footprint of luxury production. In response, the