What is the point in buying gifts for somebody when you can just give them money? Money is universal in an economy. If you receive currency or a check, you can put the dollar amount to whatever you need or want. Unless you specifically ask for a certain gift, it is very unlikely that the giver would pick exactly what you want. So, why do we buy gifts?
It’s the thought that counts. The giver may want to present their creative thinking in picking out a gift that would be personal to the receiver. This creativity can strengthen the bond between the two. On the other hand, taking the time to browse, shop, buy, and wrap a gift shows importance. It’s always nice to receive what you wanted without having to take the time to get it. Giving a gift shows the giver that you spent money and time—or someone else’s time—to make the purchase. It is not always quite as exciting to open an envelope with a check, then to unwrap a large box with bows and ribbons. Some people are even offended by receiving money instead of a gift.
Another idea to explore is that of gift-cards. The gift is money, and there was time spent to make the purchase, but the money is limited to a certain store. Is it more of a gift or money?
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