What's the difference between Dynamic, Condenser, and Ribbon microphones?

What is it about the microphones that make them so different? Is it the construction? How they are wired? What is it. I need to buy a studio quality mic sometime so it would be helpful to understand everything I can about these mics. I already know that I would need a piece of fabric in front of a condenser mic... show more What is it about the microphones that make them so different? Is it the construction? How they are wired? What is it. I need to buy a studio quality mic sometime so it would be helpful to understand everything I can about these mics.

I already know that I would need a piece of fabric in front of a condenser mic if I were to sing into it.
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