Magnetic field
A magnetic field is a vector field that describes the magnetic influence of electrical currents and magnetized materials. In everyday life, the effects of magnetic fields are often seen in permanent magnets, which pull on magnetic materials (such as iron) and attract or repel other magnets. Magnetic fields surround and are created by magnetized material and by moving electric charges (electric currents) such as those used in electromagnets. Magnetic fields exert forces on nearby moving electrical charges and torques on nearby magnets. In addition, a magnetic field that varies with location exerts a force on magnetic materials. Both the strength and direction of a magnetic field varies with location. As such, it is an example of a vector field.
Magnetism
Magnetism is a class of physical phenomena that are mediated by magnetic fields. Electric currents and the magnetic moments of elementary particles give rise to a magnetic field, which acts on other currents and magnetic moments. The most familiar effects occur in ferromagnetic materials, which are strongly attracted by magnetic fields and can be magnetized to become permanent magnets, producing magnetic fields themselves. Only a few substances are ferromagnetic; the most common ones are iron, nickel and cobalt and their alloys. The prefix "" refers to iron, because permanent magnetism was first observed in lodestone, a form of natural iron ore called magnetite, FeO.