Python is a multi-paradigm programming language. Object-oriented programming and structured programming are fully supported, and many of its features support functional programming and aspect-oriented programming (including by metaprogramming and metaobjects (magic methods)). Many other paradigms are supported via extensions, including design by contract and logic programming.

Python uses dynamic typing and a combination of reference counting and a cycle-detecting garbage collector for memory management. It also features dynamic name resolution (late binding), which binds method and variable names during program execution.

Rather than having all of its functionality built into its core, Python was designed to be highly extensible (with modules). This compact modularity has made it particularly popular as a means of adding programmable interfaces to existing applications. Van Rossum's vision of a small core language with a large standard library and easily extensible interpreter stemmed from his frustrations with ABC, which espoused the opposite approach.

Python strives for a simpler, less-cluttered syntax and grammar while giving developers a choice in their coding methodology. In contrast to Perl's "there is more than one way to do it" motto, Python embraces a "there should be one— and preferably only one —obvious way to do it" design philosophy.

Python's developers strive to avoid premature optimization, and reject patches to non-critical parts of the CPython reference implementation that would offer marginal increases in speed at the cost of clarity. When speed is important, a Python programmer can move time-critical functions to extension modules written in languages such as C.

Python's developers aim to keep the language fun to use. This is reflected in its name—a tribute to the British comedy group Monty Python—and in occasionally playful approaches to tutorials and reference materials, such as examples that refer to spam and eggs (a reference to a Monty Python sketch) instead of the standard foo and bar.