How does the principle of electromagnetic induction, as formulated by Faraday and Lenz, theoretically explain the generation of electric current in a closed loop, considering the concepts of magnetic flux, rate of change, and the direction of induced electromotive force ( emf ) Discuss the theoretical implications of these principles on the design and efficiency of electrical transformers and generators

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How does the principle of electromagnetic induction, as formulated by Faraday and Lenz, theoretically explain the generation of electric current in a closed loop, considering the concepts of magnetic flux, rate of change, and the direction of induced electromotive force ( emf )   Discuss the theoretical implications of these principles on the design and efficiency of electrical transformers and generators

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