This only applies in perfectly elastic systems, where the bodies can convert kinetic energy to potential energy and back with perfect restitution. Which, thanks to the second law of thermodynamics, doesn't exist in reality. It's only a question of how much energy is lost. (Unless, of course, you include the medium into which the energy dissipates as heat into the system itself. But such a model is not useful in almost all practical scenarios.)
A bouncing ball is elastic. There is some loss in the process of storing the energy from the movement into the ball and then releasing it into the opposite direction. Good example though!
This only applies in perfectly elastic systems, where the bodies can convert kinetic energy to potential energy and back with perfect restitution. Which, thanks to the second law of thermodynamics, doesn't exist in reality. It's only a question of how much energy is lost. (Unless, of course, you include the medium into which the energy dissipates as heat into the system itself. But such a model is not useful in almost all practical scenarios.)
A bouncing ball is elastic. There is some loss in the process of storing the energy from the movement into the ball and then releasing it into the opposite direction. Good example though!