1. Buoyancy: This is the upward force exerted by the fluid on the object. It is equal to the weight of the fluid displaced by the object.
2. Gravity: This is the downward force exerted on the object by the Earth's gravitational field. It is equal to the object's mass multiplied by the acceleration due to gravity.
When an object floats, the buoyant force is equal to the gravitational force, resulting in a net force of zero and therefore no acceleration.