10.23.2022 - By Alux.com
Some of you think you’re a luxury when in reality, you are a commodity and by the end of this video we’ll teach you how to tell the difference and even level up from one to the other.
Before you bring your pitchforks, being a commodity isn’t so bad, you are useful, but there’s a lot of you and your price is usually determined by volume.
Corn is a commodity, sugar is a commodity, there are even expensive commodities such as gold or oil.. But there’s a certain class of goods that are considered luxuries and these demand a premium.
The more we’ll go through this list, the more you’ll realize this one goes beyond brands.
So what’s the difference between luxuries and commodities?