Rtenhoor said:
I am just curious what is meant by the word 'induces' (or 'acts like' or even 'force' for that matter)...
"Induces" literally means "leads to". It is a simple observational fact that when an electrical field is changed the magnetic field at that point will also change with it, so we say that changes in one field "induce" a change in the other.
Waves that involve something physical moving back and forth (sound waves in air, ripples on the surface of a body of water) all work in the same general way: displacing whatever is waving causes some force that pushes it back towards its original position. For example, water ripples involve the surface of the water rising up while gravity is pulling it back down; sound waves involve air moving sideways, compressing the nearby air causing the pressure that pushes the moving air back where it came from. In all wave problems, we call this the "restoring force" and all waves obey the same differential equation - called the "wave equation" and Google is your friend here - relating the restoring force to the frequency, amplitude, and speed of the waves.
Although nothing is physically waving back and forth, it turns out that strengths of the electrical and magnetic fields are related in the same way (and as
@Ibix says, you can get from Maxwell's equations to the wave equation in four lines). That's where "acts like" comes from - everything you learn from solving the math for one problem carries over to the other one.
Fair enough, as long as you are aware that without the math everything we're saying is just handwaving, and nowhere near precise enough to use as a base for deeper understanding.