Luxury

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brief inspirational presentation on the concept of luxury in Asia

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Luxury

  1. 1. LUXURY IN ASIA
  2. 2. <ul><li>OXFORD Dictionary : </li></ul><ul><li>1 the state of great comfort and extravagant living </li></ul><ul><li>2 an inessential but desirable item </li></ul>luxury [ˈlək-sh(ə-)rē, -zh(ə-)rē]
  3. 3. I n economics: a good for which demand increases more than proportionally as income rises; contrast with inferior good and normal good luxury [ˈlək-sh(ə-)rē, -zh(ə-)rē]
  4. 4. Asia accounts for the LARGEST percentage of luxury consumption
  5. 5. Economic growth+ g rowing population with increasing disposable income in many developing countries in Asia, especially in China. Economic Growth

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