Final answer:
A central political apparatus coordinates the decision-making and policy implementation. Examples of political power countries must give up include decision-making authority, control over borders, and sovereignty over currency. This integration allows for greater economic integration and shared resources.
Step-by-step explanation:
A political union refers to a cooperative arrangement among countries, where they give up some of their political autonomy to form a central political apparatus that coordinates decision-making and policy implementation on behalf of all member countries.
This integration of political power is typically seen in supranational organizations like the European Union (EU), where member countries delegate certain powers to the EU institutions, such as the European Commission and European Parliament, to make decisions that affect all member states.
The EU has the authority to set common policies on trade, agriculture, and other areas, which member countries must adhere to.
Examples of political power that countries must give up to be members of an economic union include:
- Decision-making authority on certain policy areas.
- Control over national borders and immigration policies.
- Sovereignty over currency and monetary policy.
By giving up some political autonomy, countries in an economic union can benefit from greater economic integration, increased trade, and shared resources.