Ohm's law describes the basic relationship between voltage, current, and resistance in electrical circuits. It states that the current through a conductor is directly proportional to the voltage applied and inversely proportional to the resistance of the conductor. The formula is I=V/R, where I is current, V is voltage, and R is resistance. Circuits can have components connected in series, where the same current passes through all components and the total resistance equals the sum of individual resistances, or parallel, where the total current equals the sum of branch currents and the reciprocal of the total resistance equals the sum of the reciprocals of individual resistances.