What is concessions definition?

Concessions refer to the act of granting or allowing something, typically in business or politics. In business, concessions can refer to discounts, special deals, or other perks given to customers or clients. In politics, concessions are often made in negotiations or peace talks as a way to reach a compromise. Concessions can also refer to the spaces or facilities provided for vendors or other businesses within a larger public space, such as a park or airport. The term can also be used to describe the rights granted to a company or individual to use or access property or resources, such as mining concessions granted by a government.