Induction is the causing of one thing by another. In specific cases, it can have more specific meaning. For instance, electrostatic induction is where a charged object causes the charges in nearby objects to move. If you hold a positive charge near a metal bar, the nearby end of the bar becomes negative and the far end becomes positive. This is electrostatic induction.
If we instead look at electromagnetic induction, it is the process by which a changing magnetic field produces electricity.
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