upmarketˈʌpˌmɑr kɪt
upmarket (adj)
English Definitions:
upmarket (adj)
designed for consumers with high incomes
"he turned up in well-cut clothes...and upmarket felt hats"- New Yorker
upmarket (Adverb)
towards the more expensive end of the market
upmarket (Adjective)
designed for customers with a high income
upmarket
In economics, a luxury good (or upmarket good) is a good for which demand increases more than what is proportional as income rises, so that expenditures on the good become a greater proportion of overall spending. Luxury goods are in contrast to necessity goods, where demand increases proportionally less than income. Luxury goods is often used synonymously with superior goods.
upmarket
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"upmarket." Kamus.net. STANDS4 LLC, 2024. Web. 23 Apr. 2024. <https://www.kamus.net/english/upmarket>.
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