Insulators have valence shells that are more than half full of electrons and, as such, are tightly bound to the nucleus and difficult to move from one atom to another.

Semiconductors have valence shells that are exacly half full and can conduct electricity under some conditions but not others. This property makes them useful for the control of electrical current.

Circuits are not limited to only series or only parallel configurations. Most circuits contain a mix of series and parallel segments. A good example is a household circuit breaker. Electrical outlets in each section of the house are wired in parallel with the circuit breaker for that section wired in series making it easy to cut off electricity to the parallel parts of the circuit when needed.

A transformer utilizes an inductor to increase or decrease the voltage in a circuit. AC flowing in a coil wrapped around an iron core magnetizes the core causing it to produce a magnetic field. This magnetic field generates a voltage in a nearby coil of wire and, depending on the number of turns in the wire of the primary (source) and secondary coils and their proximity, voltage is induced in the secondary coil.