In the NM cable used for wiring homes, each cable has three wires inside a sheath with each wire covered in a different color of insulation to indicate its type. The wire with the black insulation is the 'hot' wire, white is the neutral wire, and the ground wire is either covered in green insulation or left bare.

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.

An inductor is coiled wire that stores electric energy in the form of magnetic energy and resists changes in the electric current flowing through it. If current is increasing, the inductor produces a voltage that slows the increase and, if current is decreasing, the magnetic energy in the coil opposes the decrease to keep the current flowing longer. In contrast to capacitors, inductors allow DC to pass easily but resist the flow of AC.

Capacitors store electricity and are used in circuits as temporary batteries. Capacitors are charged by DC current (AC current passes through a capacitor) and that stored charge can later be dissipated into the circuit as needed. Capacitors connected in series produce less capacitance than capacitors connected in parallel.

Resistance is opposition to the flow of current. As resistance increases, current decreases as resistance and current are inversely proportional.