This is the 15408th most frequent Russian word.
правый
"Правый" means "right" (as in direction or politically conservative).
Here, 'правый' is used in the context of being correct or justifiable.
Он был правый в своём утверждении.
He was right in his statement.
In this phrase, 'правый' indicates a direction.
На этой улице есть правый и левый повороты.
On this street, there are right and left turns.
Here, 'правый' once again refers to a direction but in a spatial framework.