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luxury market

 

Definitions from the Web

Luxury Market

Definition: The luxury market refers to the segment of the economy devoted to the production, distribution, and consumption of high-end and exclusive goods and services.

Examples of Luxury Market in a sentence:

  • The luxury market is booming with the increasing purchasing power of the affluent population.
  • Brands like Chanel and Gucci dominate the luxury market with their exquisite products.
  • In recent years, the luxury market has expanded to include items such as luxury cars and exotic vacations.

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