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This game is considerably more balanced than 40k, each of the army books released in the current edition are very well balanced against each other and there is little power-creep between them.
There is however the occasional instances of old-school shenaningans with the older books that are slightly more narrow in the lists that they can field and are normally capable of some rather silly stuff (looking at you, slann mage-priests), but compared to 40k, GW has been rather prompt in getting as many armies updated into 8th as possible.