Elastic: A material that can be stretched and returns to its original shape when the force is removed.
Inelastic: Doesn't return to its state, Can also be called plastic
When object is stretched there is elastic potential energy stored inside of it so the spring gains energy
The turning effect of a force is also referred to as the moment. It is equivalent to the force multiplied by the perpendicular distance from the pivot to the line of action
For a balanced object the moment anti clockwise is equivalent to the moment clockwise