What is potential energy

Dear student,

"Potential" comes from a Latin word "potentia"; that means bing able to. The energy that is possessed by the virtue of its shape, configuration and position,  is known as potential energy.
In general we can classify the potential energy into two categories;
Gravitational potential energy (energy posses due to change in position, specifically change in height)
Elastic potential energy (energy posses by the change in shape of the object)
Numerical expression:Gravitational potential energy=  workdone required to move a mass m from ground to a certain height h=mghwhere, g= gravitational accelerationand,elastic potential energy =workdone required to expand/compress any elastic object=12kx2where, x = change in dimensionk= spring constant
Regards,

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The energy of an object posssessed by the virtue of its position or shape is defined as potential energy.
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Potential energy is the energy possessed by a body because of its position relative to other bodies.
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Dear student,

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