Is python a interpreted or compiled language?

[gmspro]

Hi,

Is python a interpreted or compiled language?
What does happen after this command: python f.py

I knew python makes file.pyc file to store the bytecode. For java , .class file is the bytecode file, someone can run that file from any machine. So is the .pyc file executale like java?

Can anyone please explain/elaborate the process/order of executing python file with example?

Thanks.
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