Differents composite and component?


Hello!

As I am new in surround system, I hope someone can help me.
What is the diffrents between composite and component, are composite one cable and component tree? (at least I know component is the best)please in an easy way, because I am not very technical. I have just bought a Monster m1000v silver cable with RCA ends, and I am wondering if I can use this in my Sony DVD(I want component)behind it is writing Component and under this tree RCA conecters called Y, Cb/b-y and Cr/r-y. Can I use my Monster m1000v and do I have to buy two more or what? Or maybe someone have to bee audio cables and not video?
Thanks
Yanomami
yanomami

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