How does exception handling work in Python?

Exception handling in Python is primarily achieved through the use of 'try' and 'except' blocks. This mechanism allows developers to anticipate potential runtime errors and manage them gracefully without crashing the program. When a block of code within the 'try' section raises an exception, control is transferred to the 'except' section, where specific actions can be taken to handle the error. This approach enables developers to maintain program flow and provide meaningful feedback or recovery options to the user, rather than allowing the program to terminate unexpectedly. Thus, the correct understanding of exception handling in Python is centered around the structured method of using 'try' and 'except' to address errors that occur during execution.