All levers have a fulcrum, effort force, and load force. The lever operates by applying the effort force against the load force, with the fulcrum serving as the pivot point.
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The two principle parts of all levers are the fulcrum, which is the point or axis where the lever pivots, and the effort force that is applied to move the lever.
No, not all levers have a mechanical advantage. The mechanical advantage of a lever depends on the specific positions of the effort, load, and fulcrum. Some levers may have a mechanical advantage of less than 1, resulting in a decrease in force but an increase in distance.
The phrase "levers all the way to the top" is commonly attributed to Warren Buffett, who uses it to describe the practice of using debt to amplify investment returns.
Fulcrum
Levers are grouped into three classes based on the relative position of the effort, load, and fulcrum. Class 1 levers have the effort and load on opposite sides of the fulcrum, Class 2 levers have the load between the effort and fulcrum, and Class 3 levers have the effort between the load and fulcrum.