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What is Faraday's law of induction?

Faraday's law of induction is a fundamental law of electromagnetism describing how changing magnetic fields can induce an electric current or electromotive force. In literature, it generally refers to two distinct statements: the Maxwell-Faraday equation involving time-varying magnetic fields, and Faraday's flux rule relating electromotive force to magnetic flux changes. Michael Faraday discovered induction in 1831, and James Clerk Maxwell later provided its mathematical description.

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