Define potential energy.

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Potential energy is the energy that an object possesses due to its position or state. It is the stored energy that has the potential to be converted into other forms of energy, such as kinetic energy, when the object is in motion or when external forces act upon it. Potential energy is typically associated with gravitational, elastic, magnetic, chemical, and nuclear forces. The amount of potential energy depends on factors such as the object's mass, height, and the strength of the gravitational or other relevant forces.
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