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Price means the rate at which the merchandise can be bought. A number of factors get excited about determining the price of a product. These include competition, market share, product identity, material costs along with the value customers perceive of a product. In fact cost is also dependant on competitor's products. If the competitors have the same product, then the buying price of something will go down. Transformers do not actually make conversion between mechanical and electrical form, but they transfer electric power from one circuit to another circuit. They can decrease or increase the voltage while transferring the power without changing the frequency, but with the corresponding increase or decrease in the current. Transformers also belong to electrical machines.

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