The inductive effect is created through

(from the effect to the cause)..Inductive reasoning. Priori- (from the cause to the effect)..Deductive reasoning

Resonance effect: It is a way of describing delocalized electrons within certain molecules or polyatomic ions where the bonding cannot be expressed by one single Lewis formula.A molecule or ion with such delocalized electrons is represented by several contributing structures called as resonance structures or canonical forms.

Inductive Effect: It is a permanent effect. When group attached to carbon atom attract electrons from them or push the electrons toward it is called as Inductive effect.

One difference is that inductive effects are based on the electronegativity of an atom and occur through the sigma bond network. The resonance effect donates electrons to the benzene ring and occurs through the pi bond network.

ethyl alcohol is neutral due to inductive effect