Magnitude: The magnitude of a vector refers to its length or size. In this case, it represents the distance between the point described by the position vector and the origin.
Direction: The direction of a vector indicates where it is pointing towards. For the position vector, it shows which way we need to go from the origin to reach the specified point.
Reference Point: A reference point is an established location used for comparison or measurement. It serves as a starting point to determine distances and directions using vectors.