All electricity is the movement of electrons which are subatomic particles that orbit the nucleus of an atom. Electrons occupy various energy levels called shells and how well an element enables the flow of electrons depends on how many electrons occupy its outer (valence) electron shell.

Fuses are thin wires that melt when the current in a circuit exceeds a preset amount. They help prevent short circuits from damaging circuit components when an unusually large current is applied to the circuit, either through component failure or spikes in applied voltage.

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 transformer utilizes an inductor to increase or decrease the voltage in a circuit. AC flowing in a coil wrapped around an iron core magnetizes the core causing it to produce a magnetic field. This magnetic field generates a voltage in a nearby coil of wire and, depending on the number of turns in the wire of the primary (source) and secondary coils and their proximity, voltage is induced in the secondary coil.