European Union (EU)
Definition
The European Union (EU) is an economic and political union involving 27 European countries. It operates through a system of supranational institutions and intergovernmental-negotiated decisions by the member states.
Analogy
Consider EU as one big family living under one roof. Each member has its own room (country), but they share common areas like kitchen (resources) & living room (policies).
Related terms
Eurozone: This refers to the 19 EU countries that have adopted the euro as their official currency.
Schengen Area: This is an area comprising 26 European countries that have abolished passport and other types of border control at their mutual borders.
Brexit: This term refers to the withdrawal of the United Kingdom from the EU and the European Atomic Energy Community.
"European Union (EU)" appears in:
Study guides (1)
Practice Questions (1)
Resources
© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.