In his book of Differential Topology, Hirsch starts a little detour in his theory in order to present a way to see things in a general perspective. The precise fragment I'm referring to is the following:

I have never encountered a inverse limit before, and I don't have any intuition about what it is. I've searched the internet and it didn't help me either (for instance, the Wikipedia Page on Inverse Limit). He then proceeds to give an example:

It is not clear at all to me why it is continuous. My question is three-fold:
- Is there a (less general) definition of inverse limit adequate to this setting, or is the general definition adequate and acessible enough?
- Is there an intuition?
- Why is the structure functor above obviously continuous?
The first cases of inverse limits I saw were of the form:
$$X_1\mathop{\leftarrow}_{f_1} X_2\mathop{\leftarrow}_{f_2} X_3\mathop{\leftarrow}_{f_3}\cdots$$
Then the inverse limit of this sequence of sets is the set of tuples:
$$\left\{(x_1,x_2,\cdots,x_n,\cdots)\in X_1\times X_2\cdots\mid \forall i( f_i(x_{i+1})=x_i)\right\}$$
An example of this, from the categories of rings, is the sequence:
$$\mathbb Z_p\leftarrow \mathbb Z_{p^2}\leftarrow \mathbb Z_{p^3}\cdots$$
Where $$f_i: \mathbb Z_{p^{i+1}}\rightarrow \mathbb Z_{p^i}$$ is the natural map.
The inverse limit here is the $p$-adic integers.
An even more basic example is if $X_{i+1}\subseteq X_i$ with $f_i$ the usual inclusion. Then the inverse limit is the same as $\bigcap X_i$.