Luxury Goods
Products and services that deliberately constrain supply and set prices high. Luxury goods are widely viewed as a type of social status that demonstrate an individual's wealth. Successful luxury brands may be tempted to lower prices as this can generate significant demand and revenue. However, in the long term this can harm the brand as customer who paid more may feel dissatisfied.Arts & Crafts
Art works and crafts produced by hand by a skilled craftsperson.Education & Memberships
Education and memberships to elite institutions. All other things being equal, scarce degrees tend to be worth more than degrees held by a large number of people.Scarce Resources
Resources that have limited supply such as gold.Events
Tickets to events such as sporting events.Club Goods
Club goods such as access to a popular theme park.| Overview: Positional Good | ||
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