Rational View on the Relationship Between Luxury Goods Consumption and Domestic Demand Expansion

Focusing on the different views on the influence of luxury goods consumtion on domestic demand expansion,beginning with the economic definition of luxury goods and combined with explanation in other disciplines,this article redefines the concept of luxury goods.Luxury goods are defiend both in a broad and narrow way,based on which public luxury goods and and narrow luxury goods are differentiated and taken out for contrast.;Having maken clear the purpose of domestic demand expansion,this article explores the relationship between both pubulic and narrow luxury goods consumption and domestic demand expansion.It argues that we should try the best to promote the consumption of public luxury goods.And the consumption of narrow luxury goods,after analysing its influence on China's economy in various respects,should not be advocated and investment on it should be taken seriously.