What is an economics word that refers to a luxury good/a luxury industry, I think it starts with an e?

Wednesday, August 11th, 2010 at 4:32 pm

Like, you would say people cut back on cruises/entertainment during tough economic times because these are e???????? industries. This is e???????? spending. Maybe it doesn’t start with an e, I can’t think of it and its driving me crazy. And no, I don’t mean elastic (or I don’t think thats what I am thinking of).