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For many people, Christmas means spending time with loved ones and exchanging gifts.  While children are certainly excited to wake up to open their presents, the holiday itself is really a religious and cultural celebration that is recognized by billions of people around the globe. 

Many customs are associated with this holiday including decorations (Christmas trees, lights, wreaths, etc), Christmas songs and carols, sending Christmas cards to friends and family and church attendance.  In most households, it is customary to prepare a large meal or feast on Christmas.

Due to the amount of gift giving and decorations, the time period between Thanksgiving and Christmas is the busiest shopping period of the year.  Many retailers rely on this approximate month-long span to realize profits for the year.  As such, the economics surrounding the Christmas holiday are discussed in greater detail below.

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