In Python, the ternary operator is a way to write conditional expressions in a concise way. The ternary operator takes the form of:

value_if_true if condition else value_if_false

Here, condition is the condition to be evaluated, and value_if_true and value_if_false are the values to be returned if the condition is true or false, respectively.

For example, suppose we have two variables x and y, and we want to assign the value of x to z if x is greater than y, and the value of y otherwise. We can write this using the ternary operator as follows:

z = x if x > y else y

This assigns the value of x to z if the condition x > y is true, and the value of y otherwise.

The ternary operator can also be used in expressions, such as:

result = "even" if x % 2 == 0 else "odd"

This assigns the string "even" to the variable result if the condition x % 2 == 0 is true, and the string "odd" otherwise.

The ternary operator can be a useful tool for writing concise, readable code in Python. However, it is important to use it judiciously and avoid nesting multiple ternary operators, which can make the code difficult to read and understand.

The Ternary operator is the operator that is used to show the conditional statements. This consists of the true or false values with a statement that has to be evaluated for it. 

Syntax:  The Ternary operator will be given as: 

[on_true] 
if [expression] 
else [on_false] 
x, y = 25, 50 
big = x 
if x < y 
else y 

Example:

The expression gets evaluated like if x<y else y, in this case if x<y is true then the value is returned as big=x  if it is incorrect then big=y will be sent as a result.