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A "gift" or "present" is the transfer of money, goods, etc., without the direct compensation that is involved in trade, although possibly involving a social expectation of reciprocity, or a return in the form of prestige or power. In many human societies, the act of mutually exchanging gifts contributes to social cohesion. Economists have elaborated the economics of gift-giving into the notion of a gift economy.

By extension the term ''gift'' can refer to anything that makes the other more happy or less sad, especially as a favor, including forgiveness, and kindness (even when the other is not kind).

The occasion may be:

*Expression of love or friendship

*Expression of gratitude for a gift received

*Expression of piety, in the form of charity

*Expression of solidarity, in the form of mutual aid

*To share wealth

*To offset misfortune

*Offering travel souvenirs

*Custom, on occasions (often celebrations) such as

**A birthday (the person who has his or her birthday gives cake, etc. and/or receives gifts)

**A potlatch, in societies where status is associated with gift-giving rather than acquisition.

**Christmas (people give each other gifts, often suppos...

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