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5 November, 10:40

The reason the eastern luxuries Were expensive.

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  1. 5 November, 10:49
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    reasons that eastern luxuries were expensive because it cost a lot of money to produce them and it was used to dignify status. Luxury goods are said to have high income elasticity of demand: as people become wealthier
  2. 5 November, 11:09
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    They were expensive because they were rare in the west. They were rare, because the ways to bring them were a very long, dangerous and otherwise expensive trade routes, either through central Asia or through the Indian and Arabic peninsula coast, and later (after Vasco da Gama) around Africa.
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