I am currently reading this book by Hubbards Linear algebra, vector calculus unified approach and in the beginning it distinguishes between vectors and point; Vectors are related to change, increment or displacement while Points are positional or related to state of given system.
Now here it says as we know that $\mathbb{R^n}$ can be manifested as a point or a vector depending on notation and type of data. Here in one section it particularly mentions that in linear-algebra, one should think of elements of $\mathbb{R^n}$ as vectors. Also, adding points doesn't make sense but vectors make (analogy of adding two positions with two points and adding both increments with vectors).
If we go by above premise than by rules of vector space Rules of addition and scalar multiplication, how can a point be part of a vector space, since it doesn't make sense to add them?
Then how can one explain formation of a plane (euclidean or Cartesian plane pr space). Does affine space points and vector explain Cartesian space which explicitly describes this separate entity called points along with vectors?
The component of a vector are the coordinates of its terminal point when the initial point is the origin.
That is why a point could be considered as the terminal point of a vector in standard position, therefore the coordinates become the components.
One has to pay attention to the context in order to stay consistent.