Electrical circuits have basic components like switches, loads, hot and neutral wires. Voltage is electrical pressure that can be alternating current (AC) or direct current (DC), while current is the flow of electrons measured in amps. Resistance is a component's opposition to current flow and is measured in ohms. Common electrical measurements include voltage, current, resistance, frequency, and temperature. Digital multimeters are typically used to measure these components and ensure circuits are functioning properly.