varying voltage/current in primary coil produces a varying magnetic field
this produces a change in flux linkage / change in magnetic field in the secondary coil
a «varying» emf is induced/produced/generated in the secondary coil
voltage is stepped down as there are more turns on the primary than the secondary
laminated core reduces eddy currents
less thermal energy is transferred to the surroundings
for a certain power to be transmitted, large V means low I
less thermal energy loss as P = RI^2 / joule heating
(step up voltage → step down current → R decreases → reduce power loss due to resistance)