Question

The European economy?

Answer 1

The European Union operates as a single market made up of 27 countries and is one of the largest economies in the world. It is supported by small and medium-sized enterprises (SMEs), which represent 99% of all businesses. The European Commission recently adopted a circular economy action plan to pave the way for a cleaner and more competitive Europe, and has also created a list of critical raw materials to address economic challenges. The Spring 2023 Economic Forecast shows an improved outlook for the European economy amid a challenging global context. The European Commission and the High Representative have also published a Joint Communication on a European Economic Security Strategy.

Step-by-step explanation:

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Answer 2

Europe, much like the United States, is a free market economy based on the movement of capital.

Step-by-step explanation:

The economy of Europe has a GDP of around 20 trillion US dollars and includes nearly 750 million people in about 50 different countries. The largest economy of Europe is Germany, followed by France, followed by the UK.