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When do things become necessaries and luxuries?
As the standards of living rise, things that were luxuries to the grandfathers become necessaries to their grandsons. As the economists classify things as necessaries and luxuries, perhaps it will help us to a definition of the latter word, if we consider necessaries for a minute.
What does it mean to live in luxury?
Luxury, however, in colloquial speech, has always a shade of bad meaning. It is something to be condemned. It means living in ignoble ease, self-indulgence, and expensive pleasure. Such a life leads to moral deterioration, and often to vice.
What is the meaning of the word luxuries?
It is a word whose meaning shifts and changes like the shape of a mountain in a driving mist. To the political economist, luxuries are all things which are not necessary to life and efficiency, and therefore they include many things, not only innocent, but very desirable.
Is the idea of luxury an absolute idea?
Moreover, luxury is not absolute idea; we cannot say of any particular thing that it is in itself a luxury. For what is a luxury to one class of people, or in one country, or in one period, may be a necessary to another class, in another country, or another period.
Last Update: Oct 2021
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