I've heard the difference is between luxury goods, and premium goods. A luxury good is a swarovski crystal encrusted anything. It's only expensive because for s

I've heard the difference is between luxury goods, and premium goods. A luxury good is a swarovski crystal encrusted anything. It's only expensive because for some reason, people think glass should be expensive. A premium good costs more because it's actually better. Of course, if you never use premium features, then it's a luxury good.