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A magnet generates an invisible magnetic field. The magnet produces a force that attracts or repels other ferromagnetic elements such as iron, steel, nickel, cobalt, and so on.
Properties of Magnets:
- Magnets attract ferromagnetic materials.
- The magnet's similar poles repel each other, whereas the opposite poles attract one other.
- A hung magnet always comes to rest facing north-south.
- The magnet's poles are arranged in pairs. i.e. magnetic monopole doesn't exist.

Magnet
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