Question

Potential energy is the energy possessed by an object due to its ___ and kinetic energy is the energy an object has a result of its __

Answer 1

1)due to it's position in the gravitational field
2)due to it's motion

Answer 2

Potential energy is the energy possessed by an object due to its Position or Shape and kinetic energy is the energy an object as a result of its Motion.

We see, the stored water in a dam is the potential energy and when the same water falls to move the turbine, it transforms or changes into Kinetic energy.