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 are often used to maintain power within a system when it is disconnected from its primary power source or to smooth out or filter voltage within a circuit.

Current is the rate of flow of electrons per unit time and is measured in amperes (A). An ammeter is used to measure the electric current in a circuit.

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.

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.

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.