All conductors have resistance and the amount of resistance varies with the element. But, resistance isn't the only consideration when choosing a conductor as the most highly conductive elements like silver and gold are also more expensive and more brittle than slightly less conductive elements like copper. A balance needs to be struck between the electrical qualities of a material and its cost and durability.

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.

In a parallel circuit, each load occupies a separate parallel path in the circuit and the input voltage is fully applied to each path. Unlike a series circuit where current (I) is the same at all points in the circuit, in a parallel circuit, voltage (V) is the same across each parallel branch of the circuit but current differs in each branch depending on the load (resistance) present.

A series circuit has only one path for current to flow. In a series circuit, current (I) is the same throughout the circuit and is equal to the total voltage (V) applied to the circuit divided by the total resistance (R) of the loads in the circuit. The sum of the voltage drops across each resistor in the circuit will equal the total voltage applied to the circuit.

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.