To sort a dictionary by its values you use sorted with the custom key function:
>>> d = dict(a=1, c=3, b=2)
>>> sorted(d.items(), key=lambda item: item[1])
[('a', 1), ('b', 2), ('c', 3)]
However, such function already exists in the operator module:
>>> sorted(d.items(), key=itemgetter(1))
[('a', 1), ('b', 2), ('c', 3)]
You can also sort keys instead of items:
>>> sorted(d, key=lambda k: d[k])
['a', 'b', 'c']
Again, this lambda can be replaced with the already existing method:
>>> sorted(d, key=d.get)
['a', 'b', 'c']