If the top of the pivot is leaning toward the rear of the car, then the caster is positive, if it is leaning toward the front, it is negative. If the caster is out of adjustment, it can cause problems in straight line tracking. If the caster is different from side to side, the vehicle will pull to the side with the less positive caster. If the caster is equal but too negative, the steering will be light and the vehicle will wander and be difficult to keep in a straight line. If the caster is equal but too positive, the steering will be heavy and the steering wheel may kick when you hit a bump.
Caster has little affect on tire wear.
The best way to visualize caster is to picture a shopping cart caster. The pivot of this type of caster, while not at an angle, intersects the ground ahead of the wheel contact patch. When the wheel is behind the pivot at the point where it contacts the ground, it is in positive caster. Picture yourself trying to push the cart and keep the wheel ahead of the pivot. The wheel will continually try to turn from straight ahead.