Luxury goods are high-quality products that are often associated with wealth and exclusivity. These items typically include designer clothing, high-end watches, fine jewelry, and premium automobiles. They are usually made from superior materials and craftsmanship, which contributes to their elevated price and status. Consumers purchase luxury goods not only for their quality but also for the prestige they convey. Brands like Louis Vuitton, Rolex, and Ferrari are well-known examples of luxury goods that symbolize success and sophistication. The market for these products often thrives on limited availability and unique designs, making them desirable to many.