When a situation has the potential for disaster, it could turn bad easily. Typically, the reference point is Earth, although any point beyond the influence of the electric field charge can be used. Water potential is frequently called water tension, soil suction, and soil pore water pressure. Potential means ability and in physics ability of a system to perform a work . potential market: Aggregate of all individuals, firms, and organizations in a particular market who have some level of interest in a particular product. Electric potential, the amount of work needed to move a unit charge from a reference point to a specific point against an electric field. Unlike actual GDP, we cannot observe potential GDP and must estimate it. Economists define potential output as what can be produced if the economy were operating at maximum sustainable employment, where unemployment is at its natural rate. The diagram shows the forces acting on There are many systems and you can consider anything which is in equilibrium position with their surroundings , e.g - you are sitting in a chair without moving . Potential energy is the energy by virtue of an object's position relative to other objects. Potential energy is often associated with restoring forces such as a spring or the force of gravity. The action of stretching a spring or lifting a mass is performed by an external force that works against the force field of the potential. Just like the gravitational field around the earth there exists an electric field around the charged particle. Electric potential energy is also called as electrostatic potential energy. Potential difference definition is - the difference in potential between two points that represents the work involved or the energy released in the transfer of a unit quantity of electricity from one point to the other. Any objects that are placed within the gravitational field of the earth will experience a gravitational force and falls towards the earth. You have potential if you have a natural but undeveloped ability to do something and a building with potential will be really nice once it's fixed up. Potential energy is a core concept of any physics-based discussion, and one of the most influential variables in the formulas that describe our known universe. A potential success is not yet a success but could be if circumstances are right. 1 Therefore, actual output can be either above or below potential output.