In spoken English, it would make little sense to report something using the direct speech. It would not just sound peculiar but also a bit theatrical for the listener. Therefore, another way to report is to use one’s own words and yet convey what the speaker had said. This does not mean that one can casually add words of one’s own choices for the essence of what was said should not be lost. This is exactly where the role of indirect speech comes into the picture. Indirect Speech is, hence, the second type of narration in English.
Conditionals allow you to express a wide range of scenarios. You can talk about an event that is unlikely to take place with the help of a conditional. Similarly, you can use conditionals to talk about purely imagined scenarios or hypothetical situations. You can also use conditionals to talk about something likely to happen in the future. Hypothetical outcomes that have got to do with the past are also expressed using conditional sentences. In short, they help you articulate your thoughts in the best possible manner, and that’s why they are considered significant.
While ‘price’ denotes the cost of something, ‘prize’ denotes ‘an award offered or won in a competition’. Interestingly, when used as a noun, ‘price’ can also mean ‘a reward offered for capturing or killing a criminal or terrorist’.