Electric potential in a space as like as gravity is something understandable but when it comes to circuit I always get puzzled about this. I am looking for help regarding this topic.
Is electric potential of a circuit a merged concept of basic potential energy and energy lost due to the electron transition throughout the circuit?
I was wondering why wouldn't the potential of a circuit increase at the apex or any other point closer to apex in such an arrangement where a extremely long wire connected to two terminal of a source is remaining in a parabolic shape? Is it because in case of circuit we don't take the equation of potential energy (derived using coulomb's law) too seriously rather we are only concerned about the energy it is supposed to lose and conservation of energy?
Any help will be appreciated.