Left identity refers to a property in category theory and functional programming where a monadic value can be combined with a function using the 'return' operation without altering the result. This property ensures that when a value is wrapped in a monad and then fed into a function, the outcome is equivalent to just applying the function to the value directly. This concept is essential in understanding how monads work, particularly in the context of basic monads like Maybe, List, and IO, as well as in composing monadic operations using do-notation.
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