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.

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.

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.

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.

An electrical circuit is a path through which electricity flows. This path contains one or more components that create a load (something that is using electricity) and that load acts as resistance to the passage of electricity through the circuit. Electricity can only flow through a circuit when the path is closed and cannot flow through an open circuit.