Every object in Python has a unique identity that remains fixed as long as the object exists.Object identity can be checked using the id() function and compared using the is operator.Object value and identity are distinct concepts in Python, used for different purposes.Object identity helps in tracking memory and object behavior in Python.Python introduced object identity concepts early on to manage memory efficiently.Object identity plays a crucial role in tracking names and objects in Python.Using is operator helps in checking if two names point to the same object in memory.Python handles shared mutation and immutable types using object identity principles.By copying or slicing objects, Python allows avoiding accidental shared state.Object identity in Python contributes to efficient memory management and understanding object relationships.