By definition GDP is the market value of produced goods and services provided in the economy usually in one year. So the production of a luxury car contributes more to GDP than the production of an economy car because the luxury car has a higher market value.
Luxury car as the auto maker makes more profit on the expensive car, thus putting more back into the economy.
luxury cars cose it has more market value
textile industry is the backbone of Pakistan economy
it contributes to jamaicas economy because it helps up to get more planted food and it also help to fertile the soil.
Manufacturers could produce more luxury cars for the wealthy.m
Bmw e28 M5! Same production years, more luxury and it's a Sedan.
can be produced only if there is less production of some other products.
That sounds more like China's economy.
Energy.
Creating more industries was what ultimately led to recovery of the US economy following the Great Depression. This meant that there was a high production capacity with millions of people working.
Consumers begin buying more and companies increase production
The luxury industry is a complex and multifaceted industry with both positive and negative aspects. It has a significant impact on the global economy, culture and society. As consumers become more aware of the impact of the luxury industry, luxury brands are under pressure to address its negative impacts and adopt more sustainable and responsible practices. As consumers become more aware of the impact of the luxury industry, luxury brands will need to continue to adapt and innovate to remain relevant and successful. [BabaReplica] Brands are increasingly focusing on providing experiences rather than just selling products.