{"id":3949,"date":"2016-11-04T03:37:19","date_gmt":"2016-11-04T03:37:19","guid":{"rendered":"http:\/\/www.quicktoptens.com\/?p=3949"},"modified":"2016-11-04T03:37:19","modified_gmt":"2016-11-04T03:37:19","slug":"most-expensive-fashion-brands","status":"publish","type":"post","link":"http:\/\/wp68.hostgator.com\/~wadobs0ab4ty\/top-tens\/lifestyle\/most-expensive-fashion-brands","title":{"rendered":"Top 10 Most Expensive Fashion Brands In The World"},"content":{"rendered":"

Most of us understand how the basic working of the market are determined by supply and demand, and the fact that if something is priced less more people want it. As a result, all companies struggle to offer great goods at the lowest cost possible to attract more people. However, the Luxury goods market ruled by the most expensive fashion brands is the one exception to that rule, defying most \u2014 if not all \u2014 rules of demand and supply. Instead of lowering their price range to attract more customers they increase the costs sky high, to a value obviously far exceeding production costs.<\/p>\n

This creates Conspicuous consumption and people want it not despite the high price tag, but because of the high price tag, a demonstration of their wealth and status in life. They are made for and are sustained by the upper echelons of society. In recent years, as the rich have been getting richer, the luxury market and luxury fashion brands, has also been seeing a significant boost with an annual growth rate of 5-6% between the years of 2013 and 2015. Currently, the undefeated champion of this Luxury race is Louis Vuitton<\/a>, whereas brands like Prada and Gucci<\/a> have seen significant growth.<\/p>\n

Table of Contents<\/p>