high prices in china and orient places!
Eastern luxuries were expensive due to their rarity, as many items, such as silk and spices, were not produced in large quantities and were often sourced from distant regions. The intricate craftsmanship required to create these goods also contributed to their high costs, as skilled artisans spent significant time and effort on each piece. Additionally, the long trade routes and transportation challenges involved in bringing these luxuries to Western markets further inflated their prices.
To determine how many tons of luxuries the Ravinians could produce in a year alongside 400 million tons of necessities, we would need specific information about their production capacity and resource allocation. If there's a known ratio or percentage of output that can be devoted to luxuries based on the necessities produced, that could provide a clear answer. Without additional data, it's impossible to specify the exact amount of luxuries they could produce.
Luxuries tend to have an elastic demand because consumers can easily reduce their consumption or forgo these items when prices rise or their income decreases. In contrast, necessities typically have inelastic demand, as people need them regardless of price changes. Normal goods may exhibit varying elasticity depending on consumer preferences and income levels, while inferior goods often have inelastic demand when they serve as substitutes for more expensive options.
Turning luxuries into necessities. :)
Hahayga
Hahayga
high prices in china and orient places!
Expensive to bring back to EuropeLong tripBandits robbingWeather
Eastern luxuries were expensive for several reasons: Firstly, the long and perilous trade routes, such as the Silk Road, increased transportation costs and risks, contributing to higher prices. Secondly, the rarity of these goods, including silk, spices, and precious stones, made them highly sought after and valuable. Thirdly, the labor-intensive production processes, often involving skilled artisans, added to the cost. Lastly, the demand from wealthy consumers in Europe and other regions drove prices up, as these luxuries were seen as symbols of status and prestige.
in the luxuries
The singular form of luxuries is luxury.
The plural spelling of luxury is luxuries.
the most expensive is either Ateneo or La Salle Save
A black card is the most severee of penalties in fencing, which results in the fencer being expelled from the match, or an expensive credit card which allows its users access to various luxuries.
electricity
Fairly, yes. It was hard to get all of the ingredients needed (flour, sugar, milk, eggs, ect.) to make a cake. They were treats and considered luxuries at the time.