Difference b/w Stranded and Solid Wire

Solid Conductor:
It consists of single piece of metal wire. It is cheap for manufacturing.Skin effect is higher in solid conductors as at higher frequencies current flow on the surface of the conductors results in the increase in the effective resistance. The main disadvantage of the solid wire is its more rigid property. It cannot be bent easily

Stranded Conductors:
Stranded wire consists of sub conductors touch each other. It is costlier to manufacture compared to solid wire. For the given current carrying capacity the size of the stranded conductor is large compared to solid wire. Different elements of strands can be wound together to get the transmission line of desired property (eg: ACSR conductor contains Aluminum and Steel stands wound together). Proximity and skin effect is reduced using stranded conductors.