Python is a dynamic, interpreted i.e. bytecode-compiled language. That means, Python does not convert its code into machine code (machine code is the language that hardware understands). It actually converts it into something called byte code. So the compilation happens within Python. Other programming languages like C convert the code into machine code.
There are no type declarations of variables, parameters, functions, or methods in source code. This makes the code short and flexible, and you lose the compile-time type checking of the source code. Python tracks the types of all values at runtime and flags code that does not make sense as it runs.
Python is an Object-Oriented Programming Language like Java. It allows the user to develop applications using an Object-Oriented approach. In Python, we can easily create and use classes and objects.