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.

Insulators have valence shells that are more than half full of electrons and, as such, are tightly bound to the nucleus and difficult to move from one atom to another.

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.

Like fuses, circuit breakers stop current flow once it reaches a certain amount. They have the advantage of being reusable (fuses must be replaced when "blown") but respond more slowly to current surges and are more expensive than fuses.