Any $n$-element set $X$ has exactly $2^n$ subsets $(n \ge 0)$?
Consider an arbitrary subset A of a given n-element set X, and define a mapping $f_{A}: X \to {0,1}.$ For an element $x \in X$ we put
$$f(n) = \begin{cases} 1 & \text{if $x \in A$} \\[2ex] 0 & \text{if $x \notin A$} \end{cases}$$
Distinct sets A have distinct mappings $f_{A}$, and conversely, any given mapping $f:X \to \{0,1\}$ determines a subset $A \subseteq X\text{ with} \ f = f_{A}$. Hence the number of subsets of X is the same as the number of all mappings $X \to \{0,1\}$, and this is $2^{n}$ by Proposition 3.1.1
I understand this proof generally, however, I still have not fully grasped the last part about the bijective correspondence. specifically its reference to the induction proof.