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 favour, including forgiveness and kindness (even when the other is not kind).

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