Final answer:
An Arahant in Buddhism has achieved Nirvana by extinguishing the fires of greed, hatred, and delusion, living in accordance with the Dharma and displaying qualities like equanimity, compassion, and wisdom. They are enlightened individuals guiding others on their path.
Step-by-step explanation:
In Buddhism, an Arahant is an individual who has achieved Nirvana, the ultimate goal in Buddhism. An Arahant is considered to have removed all defilements (mental impurities) and has thereby extinguished the three fires of greed, hatred, and delusion. This achievement results in the cessation of all suffering and the cycle of rebirths (samsara). Arahants possess a deep understanding of the Dharma (Buddha's teachings) and live in accordance with it. They often display remarkable qualities such as equanimity, deep compassion, and wisdom.
The concept of an Arahant is significant in Theravada Buddhism and is associated with those who have attained enlightenment following the path laid out by the Buddha. They are considered to have embraced detachment from worldly desires and lead a life characterized by ethical conduct and mental discipline, often engaging in teaching others on the path to enlightenment.