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.

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.

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.

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.

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.