Answer:
The European Union is a political and economic organization.
Explanation:
The European Union is an organization that has formed shortly after World War II ended. Initially, it was founded by only a handfull of countries and it was intended to be an economic organization through which the country members will help each other for mutual interest to achieve greater economic development. Over time, this has changed, and the organization also adopted a political nature, and there 27 countries in it at present.
The European Union, in the past few decades, has been functioning as a political and economic organization. It has its own parlianment and government, as well as laws that have to be respected and implemented by all of the members. This also has gradually started to take away the sovereignty of the countries which is coming to a backlash lately. When it comes to the economy, it is an open market, with all members helping each other and sticking together so that they are more on the global market.
