Luxury goods

luxury-goods
Image by Fadi. via Wikimedia Commons | (CC BY-SA 3.0)

Luxury goods are products and services that are not considered essential and are associated with affluence. The concept of luxury has been present in various forms since the beginning of civilization. Its role was just as important in ancient western and eastern empires as it is in modern societies. With the clear differences between social classes in earlier civilizations, the consumption of luxury was originally limited to the elite classes.