1. Electromagnetic induction occurs when a changing magnetic flux induces an electromotive force (emf) in a circuit. This was discovered by Faraday through his experiments.
2. Faraday's laws of induction state that an emf is induced in a circuit when the magnetic flux through the circuit changes, and that the magnitude of this induced emf is proportional to the rate of change of the magnetic flux.
3. Lenz's law describes the direction of the induced current: the current will flow in a direction that creates its own magnetic field to oppose the original change in magnetic flux that caused it. This ensures the conservation of energy.