Equilibrium of forces means that the net force is 0. It can either be when there is no force acting on the object or when the force acting on the object are balanced.
Answer:
If the size and direction of the forces acting on an object are exactly balanced, then there is no net force acting on the object and the object is said to be in equilibrium. Because the net force is equal to zero, the forces in Example 1 are acting in equilibrium.
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