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A permanent magnet, such as a bar magnet, owes its magnetism to the intrinsic magnetic dipole moment of the electron.
The two ends of a bar magnet are referred to as poles ( not to be confused with monopoles ), and are labeled " north " and " south.
" The dipole moment of the bar magnet points from its magnetic south to its magnetic north pole.
The north pole of a bar magnet in a compass points north.
However, this means that Earth's geomagnetic north pole is the south pole of its dipole moment, and vice versa.

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