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. A transistor acts as a gate or switch for electronic signals.

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.

Resistance is opposition to the flow of current and is measured in ohms (Ω). One ohm is defined as the amount of resistance that will allow one ampere of current to flow if one volt of voltage is applied. As resistance increases, current decreases as resistance and current are inversely proportional.

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.

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.