History
With increasing "democratization", several new product categories have been created within the luxury market, aptly called "accessible" or "mass luxury". These are meant specifically for the middle class (in this context, sometimes called the "aspiring class"). Because luxury has now diffused into the masses, defining the word has become difficult.
Read more about this topic: Luxury Brands
Famous quotes containing the word history:
“I believe that history might be, and ought to be, taught in a new fashion so as to make the meaning of it as a process of evolution intelligible to the young.”
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