What does the EU stand for in the context of political and economic unions?

The EU stands for the European Union, which is a political and economic union of member states located primarily in Europe. Established to promote integration and cooperation among countries, the EU enables member states to collaborate on various issues such as trade, security, and environmental policy. The EU's fundamental objectives include ensuring peace, stability, and prosperity in the region through common policies and shared governance.

In contrast, the other terms refer to specific components or institutions within the EU framework. The European Council is the institution that defines the overall political direction and priorities of the EU. The European Commission acts as the executive branch, responsible for proposing legislation, implementing decisions, and managing day-to-day operations. The European Parliament serves as the EU's direct representative body and works alongside the other institutions to pass laws and approve budgets. Understanding the distinctions between these terms enriches the appreciation of the EU's structure and functions.