Generally, single conductor building wire in small sizes is solid wire, since the wiring is not required to be very flexible. Building wire conductors larger than 10 AWG (or about 6 mm²) are stranded for flexibility during installation, but are not sufficiently pliable to use as appliance cord.
The environment of the installed wires determine how much current a cable is permitted to carry. Because multiple conductors bundled in a cable cannot dissipate heat as easily as single insulated conductors, those circuits are always rated at a lower "ampacity". Tables in electrical safety codes give the maximum allowable current based on size of conductor, voltage potential, insulation type and thickness, and the temperature rating of the cable itself. The allowable current will also be different for wet or dry locations, for hot (attic) or cool (underground) locations. In a run of cable through several areas, the part with the lowest rating becomes the rating of the overall run.
In a typical electrical code, some colour-coding of wires is mandatory. Many local rules and exceptions exist per country, state or region. Older installations vary in colour codes, and colours may fade with insulation exposure to heat, light and ageing.
US single-phase residential power distribution transformer, showing the two insulated "Line" conductors and the bare "Neutral" conductor (derived from the earthed center-tap of the transformer). The distribution supporting cantenaries are also shown.
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