The document discusses key concepts in mechanical equilibrium including: 1) Static or dynamic equilibrium, where static equilibrium describes situations where the sum of the forces equals zero. 2) Potential energy (PE) and kinetic energy (KE), where PE is the stored energy of position in a system and KE is the energy of motion. 3) Vectors and scalars, where vectors represent quantities that have both magnitude and direction while scalars only have magnitude. 4) The parallelogram rule is used to determine the resultant, or combined effect, of two forces acting on an object by constructing a parallelogram with the forces as the sides.