What type of stories feature mythical beings and often include magical elements?

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Fairy tales are a specific genre of storytelling that prominently features mythical beings such as fairies, witches, and dragons, as well as magical elements that can include spells, enchanted objects, and fantastical worlds. These stories typically involve a moral lesson or a journey where characters confront challenges and undergo transformations, often leading to a happy or morally satisfying conclusion. The presence of extraordinary characters and magical events distinguishes fairy tales from other genres, making them a beloved choice for both children and adults.