European Union

a multinational political union that is given authority by its member states

• sovereign

• supranational organization

• industry

• alliance

the United Nations is an example of this type of organization

• supranational

• monopoly

• industry

• corporation

a group of countries that trade without restrictions or tariffs

• free enterprise

• NATO

• free trade

• common market

usually formed to encourage or increase trade among member countries

• stock market

• common market

• supranational organization

• embargo

the authority of a state or country to govern itself

• independence

• colonization

• self-sufficiency

• sovereignty

a type of business that requires heavy equipment and huge investment

• industry

• heavy industry

• industrialization

• industrialize

examples include coal, weapons, and mining

• natural resources

• factories

• raw materials

• heavy industries

products sold to the consumer such as food, clothes, and household goods like furniture and appliances

• wholesale goods

• consumer goods

• staples

• tariffs

a common currency (money) used by several EU

• Euro

• Pound

• Dollar

• Franc

a group that makes laws

• political party

• legislative body

• executive branch

• judicial branch