The movement of electrons in a conductor is induced by the electric field created by a changing magnetic field, as described by Faraday's law of induction. When a magnet is moved towards a closed loop, it increases the magnetic flux, prompting electrons to move in a direction that opposes this increase, in accordance with Lenz's law. This opposition is a manifestation of the conservation of energy, as energy is required to maintain the current flow against the induced forces. When the magnet is pulled away, the electrons move to increase the flux, again requiring energy to counteract the change. Understanding these principles clarifies the relationship between magnetic fields and electric currents in conductors.