Gifts

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A gift or present is the transfer of something, without the need for compensation that is involved in trade. A gift is a voluntary act which does not require anything in return. Even though it involves possibly a social expectation of reciprocity, or a return in the form of prestige or power, 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.
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).
Kinds of gifts - A gift may be one of
* an ordinary object,* an object created for the express purpose of gift exchange, such as the armbands and necklaces in the Trobriand Islands' Kula exchange, * an alternative gift such as a donation to a charity in the name of the recipient.* a regift of an unwanted gift previously received by the giver.* a virtual object as seen on Live Journal and Live Tutorials, both of which allow you to purchase virtual gifts or in games such as GiftTRAP which allow you to give virtual gifts. These are all examples of the Virtual Economy* Downloadable gifts refer to virtual gifts like e-books, software and music files which you can purchase and instantly download from web vendors.