1. Speed: This tells you how fast the object is moving. It is the magnitude of the velocity.

2. Direction: This tells you which way the object is moving.

For example:

* A car traveling at 60 mph east has a velocity of 60 mph east.

* A ball thrown upwards at 10 m/s has a velocity of 10 m/s upwards.

Key points:

* Velocity is a vector quantity, meaning it has both magnitude and direction.

* Speed is a scalar quantity, meaning it only has magnitude.

* Velocity can be positive or negative, depending on the direction of motion.

Therefore, simply saying "the object is moving at 10 m/s" is not enough to describe its velocity. You need to specify the direction as well.