This is generally (in my circles at least) what parents do regardless. As in, provide equipment and an environment to have fun and learn.
My anecdotal experience is once kids get to around 5, they start really wanting to form consistent social relationships. Also, if the child has younger siblings, generally they crave some “alone time” but not to be by themselves, to be with other kids their own age without their siblings.
Basically what I’m trying to say is parents do what you’re talking about, but the older kids get, the more they need and it’s not as simple as you’d expect.