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.

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.

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 diode allows current to pass easily in one direction and blocks current in the other direction. Diodes are commonly used for rectification which is the conversion of alternating current (AC) into direct current (DC). Because a diode only allows current flow in one direction, it will pass either the upper or lower half of AC waves (half-wave rectification) creating pulsating DC. Multiple diodes can be connected together to utilize both halves of the AC signal in full-wave rectification.

Inductance is a property of an AC circuit (or a component in an AC circuit) that quantifies resistance to changes in current. The current in an AC circuit is continuously changing and inductive reactance (the opposition to change) depends both on the inductance of the circuit or component and the rate at which the current is changing.