Luxury consumption refers to the purchase of goods and services that are not only high in quality but also signify social status and wealth. It often involves spending on items that are considered exclusive, extravagant, and non-essential, which can reflect a person's identity and lifestyle. This type of consumption is closely linked to societal norms, aspirations, and the pursuit of prestige, as it often serves as a means to communicate one's social position and distinguish oneself from others.
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