European Union (EU)Business 0 replies 0 likes 4 views
European Union is a group of 27 European countries that have united for common discussions around economic and political issues.
While most of its members at the beginning were from western Europe, the block eventually came to include countries from central and eastern Europe as well.
The members of the union have established an ‘internal single market’ with the aim to guarantee free movement of goods, capital, services, and people amongst the member nations.
United Kingdom (UK), which had been a founding member of the EU, left the group in 2020.