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.

Capacitors store voltage 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.

A semiconductor is a material that has a limited ability to conduct electrical current with conductivity between that of an insulator and that of a conductor. Silicon, a cheap and abundant material, is the most used semiconductor material although other materials are used in the electronics components made from semiconductors. The primary advantages of a semiconductor over a conductor is that the conductivity of a semiconductor can be varied under an external electrical field giving engineers precise control over complex circuits and, unlike conductors like metals, a semiconductor's conductivity increases with increased temperatures.

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.

In contrast to the constant one-way flow of direct current, alternating current changes direction many times each second. Electricity is delivered from power stations to customers as AC because it provides a more efficient way to transport electricity over long distances.