Humidity ratio is defined as the mass of water vapor present in a unit mass of dry air, typically expressed in units such as grams of water vapor per kilogram of dry air. This measurement is crucial in understanding air properties and behavior, particularly in processes involving moisture, heat transfer, and thermodynamic cycles. It helps illustrate how much moisture the air can hold at a given temperature and pressure, making it essential for evaluating psychrometric processes like cooling and dehumidification.