A gift or possibly a existing can be an merchandise presented to an individual with no expectation of payment or return. An item is not a present if that product is previously owned through the just one to whom it's specified. While reward-providing may entail an expectation of reciprocity, a gift is meant to become no cost. In several international locations, the act of mutually exchanging funds, merchandise, etc. might sustain social relations and add to social cohesion. Economists have elaborated the economics of gift-offering to the Idea of a present financial system. By extension the phrase reward can consult with any item or act of company which makes the opposite happier or considerably less unfortunate, Particularly being a favor, which include forgiveness and kindness. Gifts will also be First of all offered on events for example birthdays and holiday seasons.

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