European Union
Definition
The European Union (EU) is a political and economic union of 27 member states that are located primarily in Europe. It has developed an internal single market through a standardized system of laws that apply to all member states.
Analogy
Think of the EU like a big school club where each country is a student. They all agree to follow the same rules, share resources, and work together on projects. Just like how being part of a club can give students more opportunities and benefits, being part of the EU gives countries access to things like free trade and freedom of movement.
Related terms
European Commission: This is the executive branch of the EU, responsible for proposing legislation, implementing decisions, upholding treaties and managing day-to-day operations. It's like the club president who oversees everything.
Eurozone: This refers to the group of EU countries which have adopted Euro as their currency. It's similar to those members in your school club who wear special badges or uniforms indicating they belong to this specific group.
Brexit: This term refers to Britain exiting from the European Union. Imagine if one student decided they didn't want to be part of your school club anymore - that's Brexit!
"European Union" appears in:
Study guides (2)
Practice Questions (11)
As of 2022, how many countries were members of the European Union (EU)?
What has been the main goal behind the formation of the European Union (EU) after World War II?
What organization did the European Union start out as?
Which treaty led to creation of European Union?
In what way did the establishment of the European Union impact post-war economies in Europe?
What was a major cause of the European Union's establishment in 1993?
What was a long-term effect of the 1992 Maastricht Treaty on political dynamics within the European Union?
How did the Maastricht Treaty of 1992 impact the evolution of the European Union?
What legislation played a significant role in promoting worker mobility within the European Union?
Which treaty is directly associated with the creation of the Euro, the common currency of many European Union nations?
Which legislation led to the establishment of the European Union in 1992?
Resources
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