“Velocity is not equivalent to speed; the two are sometimes confused. Velocity is speed plus vector: how fast something gets somewhere. An object that moves two steps forward and then two steps back has moved at a certain speed but shows no velocity. The addition of the vector, that critical distinction, is what we should consider in practical life.” – Shane Parrish
“The velocity of an object is the rate of change of its position with respect to a frame of reference, and is a function of time. Velocity is equivalent to a specification of its speed and direction of motion (e.g. 60 km/h to the north). Velocity is an important concept in kinematics, the branch of classical mechanics that describes the motion of bodies.
Velocity is a physical vector quantity; both magnitude and direction are needed to define it.” – Wikipedia (James Clear)
Source:
Shane Parrish’s Farnam Street Mental Model Guide
https://www.farnamstreetblog.com/mental-models/
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James Clear Mental Models Overview