A gift or present is an item given to someone (who is not already the owner) without the expectation of payment or anything in return. Although gift-giving might involve an expectation of reciprocity, a gift is intended to be free. In many countries, the act of mutually exchanging money, goods, etc., may sustain social relationships and contribute 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 any item or act of service that makes the other happier or less sad, especially as a favor, including forgiveness and kindness. Gifts are often presented on occasions such as birthdays and holidays.
>>>PUT SHARE BUTTONS HERE<<<
In this Dossier
Gift in the context of Ownership
Ownership is the state or fact of legal possession and control over property, which may be any asset, tangible or intangible. Ownership can involve multiple rights, collectively referred to as title, which may be separated and held by different parties.
The process and mechanics of ownership are fairly complex: one can gain, transfer, and lose ownership of property in a number of ways. To acquire property one can purchase it with money, trade it for other property, win it in a bet, receive it as a gift, inherit it, find it, receive it as damages, earn it by doing work or performing services, make it, or homestead it. One can transfer or lose ownership of property by selling it for money, exchanging it for other property, giving it as a gift, misplacing it, or having it stripped from one's ownership through legal means such as eviction, foreclosure, seizure, or taking. Ownership implies that the owner of a property also owns any economic benefits or deficits associated with the property.
Gift in the context of Birthday
A birthday is the anniversary of the birth of a person or figuratively of an institution. Birthdays of people are celebrated in numerous cultures, often with birthday gifts, birthday cards, a birthday party, or a rite of passage.
Many religions celebrate the birth of their founders or religious figures with special holidays (e.g. Christmas, Mawlid, Buddha's Birthday, Krishna Janmashtami, and Gurpurb).
Gift in the context of Donation
A donation is a gift for charity, humanitarian aid, or to benefit a cause. A donation may take various forms, including money, alms, services, or goods such as clothing, toys, food, or vehicles. A donation may satisfy medical needs such as blood or organs for transplant.
Charitable donations of goods or services are also called gifts in kind.
Gift in the context of Christmas gift
A Christmas gift or Christmas present is a gift given in celebration of Christmas. Christmas gifts are often exchanged on Christmas Eve (December 24), Christmas Day itself (December 25) or on the last day of the twelve-day Christmas season, Twelfth Night (January 5). The practice of giving gifts during Christmastide, according to Christian tradition, is symbolic of the presentation of the gifts by the Three Wise Men to the infant Jesus.
Gift in the context of Generosity
Generosity (also called largesse) is the virtue of being liberal in giving, often as gifts. Generosity is regarded as a virtue by various world religions and philosophies and is often celebrated in cultural and religious ceremonies.
Scientific investigation into generosity has examined the effect of a number of scenarios and games on individuals' generosity, potential links with neurochemicals such as oxytocin, and generosity's relationship with similar feelings such as empathy.
Gift in the context of Sharing
Sharing is the joint use of a resource or space. It is also the process of dividing and distributing. In its narrow sense, it refers to joint or alternating use of inherently finite goods, such as a common pasture or a shared residence. Still more loosely, "sharing" can actually mean giving something as an outright gift: for example, to "share" one's food really means to give some of it as a gift. Sharing is a basic component of human interaction, and is responsible for strengthening social ties and ensuring a person’s well-being.
Apart from obvious instances, which can be observed in human activity, many examples can be found in nature. When an organism takes in nutrition or oxygen, for instance, its internal organs are designed to divide and distribute the energy taken in, to supply parts of its body that need it. Flowers divide and distribute their seeds. In a broader sense, it can also include free granting of use rights to goods that can be treated as nonrival goods, such as information.