Alright guys, we've got this all kinds of befuddled now....
Let's start from the beginning. As the air flow passes over the wing it produces a pressure differential, and a turning of the air which causes an aerodynamic force on the wing. I am going to refer to this as a resultant force, because it can be broken down into the result (or addition) of two components.
This resultant force is neither parallel to, nor perpindicular to the relative wind. This resultant force is, rather, at some angle from the relative wind. This force can be broken down into 2 components. One component of this force acts perpindicular to the relative wind and is called Lift. The other force acts parallel to (and in the same direction as) the relative wind and is called induced drag. It is called induced drag, because it is induced (created) every time we create lift. In essence, it is a negative by-product of trying to create lift.
Now, to correct some errors about induced drag from above. Induced drag is NOT the result of wing tip vortices, although it is affected by wing tip vortices. But even if there were no wing tip vortices, there would still be some induced drag. There would just be less.
The other major category of drag that we look at is parasite drag. This is sometimes also refered to as form drag. Parasite drag is the result of viscous effects of the air. Basically that means it is the result of friction between the air and the aircraft.
So here are some properties of induced and parasite drag. First, since induced drag is the result of producing lift, it would be present even if there were NO friction. Friction causes parasite drag, not induced drag. Induced drag is a by product of producing lift, and it is greatest at slower speeds, because of the high angles of attack required to produce lift at those slow speeds. Parasite drag is the result of friction, and is greatest at high speeds, because that is when there is the most friction between the air and the airplane. Induced drag is NOT the result of wing tip vortices, but induced drag is affected by wing tip vortices. If there were no wing tip vortices, there would be less induced drag, but it still wouldn't be 0. So even with an airfoil in a wind tunnel, which has no wingtip vortices, there is still some induced drag.
And if you are keeping track, since induced drag is high at slow speeds, and parasite drag is high at fast speeds, all aircraft have a speed somewhere in the middle where these two types of drag equal each other. This is also the point of the least TOTAL drag, and is refered to as L/Dmax. Lot's of your best performance numbers occur at that point, including your best angle of climb (Vx), Best power off glide distance, and maximum endurance (at least in jet type aircraft- I'm not sure about prop-types for this one).
Hope this helps.