what is the difference between an economic luxury, Macroeconomics

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what is the difference between an economic luxury

What is the difference between an economic luxury and an economic necessity?

Ans) An economic luxury is wasting land on pools huge garden, etc. An economic requirement is what you require a certain amount of space (houses) to make something very essential (to live in)

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Macroeconomics: what is the difference between an economic luxury

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