Conductors are elements that allow electrons to flow freely. Their valence shell is less than half full of electrons that are able to move easily from one atom to another.

A load is a source of resistance that converts electrical energy into another form of energy. The components of a microwave, for example, are loads that work together to convert household electricity into radation that can be used to quickly cook food.

Resistors are used to limit voltage and/or current in a circuit and can have a fixed or variable resistance. Variable resistors (often called potentiometers or rheostats) are used when dynamic control over the voltage/current in a circuit is needed, for example, in a light dimmer or volume control.

The transistor is the foundation of modern electronic devices. It is made entirely from semiconductor material (making it a solid state device) and can serve many different functions in a circuit including acting as a switch, amplifier, or current regulator. A transistor works by allowing a small amount of current applied at the base to control general current flow from collector to emitter through the transistor.

Voltage (V) is the electrical potential difference between two points. Electrons will flow as current from areas of high potential (concentration of electrons) to areas of low potential. Voltage and current are directly proportional in that the higher the voltage applied to a conductor the higher the current that will result.