luxury good
collocation in Englishmeaningsofluxuryand
These words are often used together. Click on the links below to explore the meanings. Or,see other collocations withgood.
luxury
noun
uk/ˈlʌk.ʃər.i/us/ˈlʌk.ʃɚ.i/
great comfort, especially as provided by expensive and ...
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goods
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(Definition ofluxuryandgoodsfrom theCambridge English Dictionary© Cambridge University Press)
Examplesofluxury good
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
The higher this minimum, the greater is the percentage effect of labor reallocation toward the rich country's production of theluxurygood.
From theCambridge English Corpus
Bequests are thus aluxurygoodin this framework.
From theCambridge English Corpus
The rich country can produce this good as well as aluxurygood.
From theCambridge English Corpus
In this case, we have evidence for aluxurygoodused by one community to affirm social prominence in a valley.
From theCambridge English Corpus
This can be calibrated to make wealth aluxurygood, thus rendering nonhomothetic preferences.
From theCambridge English Corpus
We propose a simple model of international trade between two regions, in which individuals have preferences over an inferior good and aluxurygood.
From theCambridge English Corpus
The environment is an assumedluxurygoodand only at high levels of income are individuals willing to trade consumption for environmental improvements.
From theCambridge English Corpus
When the rich region produces both goods, an improvement in the poor region's technology induces reallocation of the rich region's labor force toward theluxurygoodand increases its welfare.
From theCambridge English Corpus
If environmental quality is aluxurygood, environmental internalization will be seen as a pro-rich policy; presumably to be partially offset by heightened progressivity elsewhere in the tax system.
From theCambridge English Corpus
So, it was often argued that environmental quality is aluxurygood, that is, that the income elasticity of demand for environmental quality is greater than one.
From theCambridge English Corpus
Others see the curve as a result of demand for environmental quality as aluxurygood, sought only by wealthier societies once other basic needs have been met.
From theCambridge English Corpus
Luxury goods are usually objects used on occasions that underlie fundamental desires to compete in specific sociopolitical arenas, theluxurygoodsymbolizing wealth and prestige of a specific group.
From theCambridge English Corpus
We argued that there was no such thing as a socially less desirableluxurygood.
From the
Hansard archive
Example from the Hansard archive. Contains Parliamentary information licensed under theOpen Parliament Licence v3.0
In a communist system, a private car was considered aluxurygood, due to limited availability and low salaries.
From
Wikipedia
It was relatively expensive, seen as aluxurygood, and it is estimated that its circulation was never higher than approximately 1,250.
From
Wikipedia
As silk was aluxurygood, the market was small and easily saturated by machine produced goods.
From
Wikipedia
Having a child born of a commercial surrogate could be considered aluxurygood.
From
Wikipedia
As time passed, they opened linen, carpet, and otherluxurygoodstores; wholesale stores; and dry goods retail stores.
From
Wikipedia
Nespresso seeks to position the brand as an exclusiveluxurygood.
From
Wikipedia
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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