How to fix ModuleNotFoundError: No module named 'parso'

ModuleNotFoundError: No module named 'parso'
Recommended: Install via pip into your active environment.
python -m pip install parso

Verification

Command
python -c "import parso; print(parso.__version__)"
Expected output
Success! parso version x.y.z (e.g., 2.4.0)