EMF, or electromotive force, is the source voltage in a circuit that drives electron flow, while voltage refers to the potential difference between two points and can represent EMF or voltage drops. EMF is measured in volts and is constant for a battery, whereas the voltage across its terminals can vary due to internal resistance and current draw. The distinction is important, as EMF represents energy per unit charge generated by a source, while voltage can change due to energy dissipation in circuit components. Understanding the relationship between EMF and voltage is crucial for predicting circuit behavior, particularly in practical applications like batteries. The discussion emphasizes the historical context of the term EMF and its relevance in electronics.