Gift

Edgar Nicov avatar. By: Edgar Nicov
Less than a 1 minute read

Home » Vocabulary » Thing » Gift

A gift or a present is an object given without the expectation of payment. Although gift-giving might involve an expectation of reciprocity, a gift is meant to be free. In many human societies, the act of mutually exchanging money, goods, etc. may contribute to social cohesion. Economists have elaborated the economics of gift-giving into the notion of a gift economy.

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