Python is an increasingly popular programming language due to its emphasis on code readability and ease of writing programs with fewer lines of code compared to languages like C++ and Java. It supports object-oriented, imperative, and functional programming. Python is interpreted, platform independent, has a simple syntax closer to English, and includes a vast standard library. While Python programs are generally more concise than languages like Java, it is slower than C/C++. Python is commonly used for scripting, artificial intelligence, and natural language processing.