To study conservation of mechanical energy / momentum. All metal construction. When the wheel is rolled to the top with thread winded on the axle, and released the potential energy gained is turned into kinetic energy. When the wheel reaches the bottom most position the kinetic energy is again converted into potential energy and the wheel rolls back to the top. In optimum conditions this should continue forever, but friction sets in and there is loss of energy and the wheel comes to a stop.
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Physics Force And Motion Force And Motion Equipment - 587-1 - Maxwells Wheel
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