Economy, asked by sameershaikh392004, 4 months ago

What are prestigious goods?​

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Answered by GoldGrace14
12

Answer:

Many goods and services have prestige value, that is, they increase the status of consumers who own or use them. These are called prestige (or status, or positional) goods. Jewelry and fashionable clothing, luxurious homes and cars, and extravagant entertainment are examples of these prestige goods.

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Answered by sanchitsuryawanshi84
1

Answer:

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