What is Brexit?

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Before starting to explain Brexit, let me explain this.
The European Union (EU) is a political and economic union.  EU consists of 28 member states. With the UK leaving the union there will be 27 countries left in the Union. Now, the difference between the UK and the Great Britain;

UK = GB + Northern Ireland 
GB = England, Scotland and Wales

UK = the official country
GB = a geographical region, the main island of the UK

What is Brexit?
On June 23, 2016, by a referendum people of UK opted to exit itself from the EU and Brexit is the modern nomenclature gifted by the social medias from around the globe for this exit. The expanded form entails Britain’s exit.

Why Brexit?
UK has been one of a prominent member of the EU. It is the second contributor after Germany(20%) to the EU’s GDP giving in every fiscal a 17% of contribution. France 14%. Italy 11%. The UK has always been so open among the other countries. Liberalization was at its peak, but however, to majority Of Britishers, such liberalization seemed a harm to the nation. Issues ranging from job to immigration to education made them worried. So, as a result, they decided to move out of the union.

From <https://www.quora.com/What-is-Brexit-Why-is-it-so-important-What-will-its-impact-be-on-world-economy>








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