(i) The three wires in an electric circuit with different colour insulation are:
Red wire: Live wire (or Phase wire) – carries current from the power source.
Black wire: Neutral wire – completes the circuit by providing a return path for the current.
Green wire: Earth wire – provides a safety path for current to flow to the ground in case of a fault or leakage.
(ii) The potential difference between the red (live) wire and the black (neutral) wire is typically \( 220V \) in standard domestic power systems.
(iii) The green wire (earth wire) provides a path for the electric current to safely flow into the ground if there is a leakage of current to the metallic body of an electrical appliance.
This prevents electric shock by diverting the current away from the user.