Meaning of the word "in theory" in English

What does "in theory" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

in theory

US /ɪn ˈθiː.ə.ri/
UK /ɪn ˈθɪə.ri/

Phrase

used to say that something is supposed to be true or possible, but may not be in reality

Example:
In theory, the new system should make our work easier, but we'll see.
He's a great leader in theory, but his practical skills are lacking.