Economy of the European Union

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/economy-of-the-european-union

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the number of member states?27 countries constitute the European Union
2. What is the founding treaty of the EEC?The Treaty of Rome, signed in 1957, established the European Economic Community
3. What is the European Union's Single Market?The Single Market is a big, borderless space where 27 countries let goods, services, money, and people move freely. It removes extra rules and costs, so businesses can trade easily and people can shop in any country.
4. Why did the EU create the Euro?The Euro was made to make trading easier by giving 20 countries a common money. It stops the need to change money when buying or selling across borders and keeps prices stable.

European Union (EU): A unique economic and political partnership between 27 European countries established to foster cooperation and integration.
Single Market: An integrated economic area within the EU allowing for the unimpeded flow of goods, services, capital, and labor across member states.
Eurozone: The subset of EU member states that have adopted the Euro as their sole legal tender and currency.
Treaty of Rome: The foundational treaty signed in 1957 that established the European Economic Community (EEC), a precursor to the EU.