Faraday's law of induction is a rule about electricity. It explains how electricity can be created from magnets without having to touch them.
Think of a magnet like a big donut. It has a north pole at the top and a south pole at the bottom shaped like two cones. When you move the magnet, it creates a special kind of energy called a magnetic field. This magnetic field has invisible lines that go out in all directions and wrap around the donut.
Faraday's law of induction says that when you move a magnet inside a wire, it creates electricity in the wire. This happens because the moving magnet changes the invisible magnetic field, which then forces the electrons inside the wire to move around. This creates electricity in the wire.
It's like if you had a big donut with invisible lines of energy going all the way around. When you move the donut inside a loop of string, all the invisible lines on the donut push and pull on the string and make it jump around. That's how Faraday's law of induction works with magnets and electricity.