An inductor is coiled wire that stores electric energy in the form of magnetic energy and resists changes in the electric current flowing through it. If current is increasing, the inductor produces a voltage that slows the increase and, if current is decreasing, the magnetic energy in the coil opposes the decrease to keep the current flowing longer. In contrast to capacitors, inductors allow DC to pass easily but resist the flow of AC.

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.

Current flow through a wire increases the temperature of the wire. If too small a wire is used, the wire will heat up causing a loss in conductivity and possibly a fire. The thicker in diameter a wire is, the more current it can carry without overheating.

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 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.