Expensiveness

Expensiveness refers to the quality of being costly or requiring a significant financial outlay. It describes the degree to which something is expensive, whether it's a product, service, lifestyle, or experience. This concept is subjective and can be influenced by factors like individual income, perceived value, and the availability of alternatives. A high degree of expensiveness often implies scarcity, high-quality materials, complex production processes, or exclusivity. It can be a barrier to access, limiting who can afford certain goods or services, or it can be a marker of prestige and social status.

Expensiveness meaning with examples

• The expensiveness of luxury vehicles often puts them out of reach for the average consumer, who must weigh their desire for the car against their budget. The features and branding drives this expensiveness. The cost of ownership, including fuel and maintenance, adds to their overall expensiveness and impacts consumers decisions when purchasing a vehicle.
• The expensiveness of a college education is a major concern for many prospective students. With the increasing tuition fees, students are often burdened with student loan debt. Considering that the financial requirements and opportunities for students, it influences which university they choose and if they choose to study.
• Despite the beauty and prestige of designer clothing, its expensiveness makes it inaccessible to many people. The brand's exclusivity and the fine craftsmanship of the material impacts its expensiveness, but are some of the qualities people desire. Some prefer to save and indulge, while others prioritize practicality.
• The expensiveness of living in major cities, like New York and London, is a well-known phenomenon. Property taxes, rental costs, and day-to-day expenses are often higher. This cost of living, and thus expensiveness, pushes many residents to the outskirts of the city, or out of state.
• The expensiveness of certain medical treatments, particularly for rare diseases, can create ethical dilemmas. People must decide if paying the price for their lives is right, or if they can even afford it. This leads to discussion about the fairness and access to potentially life saving care.