Luxury, in the context of wealth, refers to the possession and enjoyment of high-quality goods and services that are not essential for basic living. These items often include designer clothing, fine jewelry, and exotic cars, which are typically associated with a higher social status. Luxury goods are characterized by their exclusivity, craftsmanship, and premium pricing, making them accessible primarily to the affluent. The concept of luxury also extends to experiences, such as five-star travel, gourmet dining, and private events. These experiences often emphasize comfort, personalization, and exceptional service, catering to individuals who seek to indulge in a lavish lifestyle. Overall, luxury represents a way of life that prioritizes opulence and sophistication.