Python is a high-level, general-purpose programming language that emphasizes code readability. It supports multiple programming paradigms including object-oriented, imperative and functional programming. Python code is typically shorter than equivalent Java or C++ code, due to features like automatic memory management and its use of indentation for code blocks rather than curly braces. While Python code runs slower than compiled languages, its rapid development cycle makes it productive for prototyping and small-to-medium sized projects.