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Economists can identify a luxury superior by evaluating the demand from customers for The nice at one particular stage in time towards the need for The great at a distinct time, at a distinct earnings degree. When private earnings boosts, demand from customers for luxury items raises much more than earnings does.
The Best Selling Products phrase "luxury" has an etymological cognate while in the Latin verb luctor which means "to overextend" or "to strain".[4]