Magnets can either be permanent or induced.
Magnets can be categorised into two types:
1. Magnetically soft materials:
2. Magnetically hard materials
Permanent magnets are magnets which always create their own magnetic field. Their magnetism cannot be turned on and off. So, they are always exerting a force on other magnets or magnetic materials.
A permanent magnet can attract or repel another permanent magnet. However, it can only attract magnetic materials.
Induced magnets, also known as temporary magnets, become magnetized when placed in a magnetic field. However, induced magnets are only attracted to other magnets; they cannot repel them.