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Question pretty much says it all. They are both electric powered, and don't look all that different, but the induction cooktops I have seen are a lot more expensive.
What difference does the type of stove, induction vs electric, make to the actual cooking process?

What are the differences between an induction stove and a regular electric stove? They are both electrically powered, and don't look all that different, but the induction cooktops I have seen are a lot more expensive.

What difference does the type of stove - induction vs electric - make to the actual cooking process?