The energy an object has because of its position is called potential energy.

Name: The energy an object has because of its position is called potential energy.
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This is the correct definition of potential energy. Potential energy is the energy that an object possesses because of its position or configuration, such as its height or the distance between two electrically charged particles. As an object's position changes, its potential energy can increase or decrease.

The Energy an Object Has Because of Its Position Is