Explanation:
Potential energy is the energy possessed by a body due to its position or configuration. It is stored energy that has the potential to be converted into other forms of energy.
To understand potential energy better, let's break it down into key points:
1. Definition: Potential energy is the energy stored in an object based on its position or configuration relative to other objects.
2. Types of potential energy: There are different types of potential energy, including gravitational potential energy, elastic potential energy, chemical potential energy, and electrical potential energy.
3. Gravitational potential energy: It is the potential energy stored in an object due to its height above the ground. The higher the object is, the greater its gravitational potential energy.
4. Elastic potential energy: It is the potential energy stored in elastic materials, such as a stretched rubber band or a compressed spring. The more the material is stretched or compressed, the greater its elastic potential energy.
5. Chemical potential energy: It is the potential energy stored in chemical bonds. When chemical reactions occur, this energy can be released or absorbed.
6. Electrical potential energy: It is the potential energy stored in electric fields due to the separation of charges. The closer the charges are, the greater their electrical potential energy.
In conclusion, potential energy is the energy that a body possesses based on its position or configuration. It can be converted into other forms of energy, such as kinetic energy, when the body moves or its configuration changes.

Energy possessed by a body on account of position or configuration is called potential energy. it means the object is at rest.

Potential energy is the energy possessed by a body due to its position or configuration. It is stored energy that has the potential to do work. When the position or configuration of an object changes, its potential energy also changes.

Explanation:

Potential energy is one of the two main forms of mechanical energy, along with kinetic energy. Mechanical energy is the sum of potential energy and kinetic energy. While kinetic energy is the energy possessed by a body due to its motion, potential energy is associated with its position or configuration.

Potential energy can exist in various forms, depending on the nature of the system. Some common types of potential energy include gravitational potential energy, elastic potential energy, and chemical potential energy.

1. Gravitational Potential Energy:
Gravitational potential energy is the energy possessed by an object due to its height or position in a gravitational field. The higher an object is positioned above the ground, the more gravitational potential energy it has. The formula for gravitational potential energy is:

Potential Energy = mgh

Where:
m = mass of the object
g = acceleration due to gravity
h = height of the object

2. Elastic Potential Energy:
Elastic potential energy is the energy stored in a stretched or compressed elastic material such as a spring or rubber band. When these materials are stretched or compressed, they store potential energy, which can be released to do work when they return to their original shape. The formula for elastic potential energy is:

Potential Energy = (1/2)kx^2

Where:
k = spring constant
x = displacement from the equilibrium position

3. Chemical Potential Energy:
Chemical potential energy is the energy stored in chemical bonds. It is released or absorbed during chemical reactions. For example, the potential energy stored in food is converted to kinetic energy when we consume it and use it for bodily activities.

In conclusion, potential energy is the energy possessed by a body on account of its position or configuration. It is an important concept in physics and is associated with various forms of energy, such as gravitational, elastic, and chemical potential energy.