PPm is the measure of a nutrient level while suspended in a solution, of water. Its important because too much nutrient will starve the plant of oxygen, which is essential for the plant to grow, as much if not more than the nutrient. They're both important, but you get more from higher o2 than higher ppm. PPm is relevant for soil growing becaue you should be mixing your nutrients in a larger volume of water to apply it to the plants.