The Major Understandings of Luxury

The literature analysis suggests differentiating luxury definitions by area of research into three main categories, which will be explained below.

Contents Overview:

1. The Philosophical-sociological Understanding of Luxury: Luxuries
2. The Micro-economic Understanding of Luxury: Luxury Goods
3. The Managerial Understanding of Luxury: Luxury Products
   1. Areas of Research
   2. Scope of Luxury
   3. Limiting the Scope of Luxury