Deoxy sugars are monosaccharides that have lost one oxygen atom compared to their corresponding sugars, typically at the 2' position of the sugar ring. This modification alters the chemical properties and biological functions of the sugar, making deoxy sugars crucial components in various biomolecules, including DNA. Their structural changes are significant in understanding the differences between ribonucleic acid (RNA) and deoxyribonucleic acid (DNA).