Homonym: <p> (Paragraph)
The `<p>` tag is an essential HTML element used to define a paragraph in web content. It helps structure text on a webpage, making it easier for users to read and understand. Each paragraph created with the `<p>` tag is typically displayed with some space above and below it, enhancing readability.
In HTML, the `<p>` tag can contain various types of content, including text, images, and links. It is a block-level element, meaning it starts on a new line and takes up the full width available. Proper use of the `<p>` tag contributes to better web design and user experience.