Magnetism
A very common source of magnetic field found in nature is a dipole, with a "South pole" and a "North pole", terms dating back to the use of magnets as compasses, interacting with the Earth's magnetic field to indicate North and South on the globe. Since opposite ends of magnets are attracted, the north pole of a magnet is attracted to the south pole of another magnet. The Earth's North Magnetic Pole (currently in the Arctic Ocean, north of Canada) is physically a south pole, as it attracts the north pole of a compass.
A magnetic field contains energy, and physical systems move toward configurations with lower energy. When diamagnetic material is placed in a magnetic field, a "magnetic dipole" tends to align itself in opposed polarity to that field, thereby lowering the net field strength. When ferromagnetic material is placed within a magnetic field, the magnetic dipoles align to the applied field, thus expanding the domain walls of the magnetic domains.
Magnetic monopole
A magnetic dipole is something whose magnetic field is predominantly or exactly described by the magnetic dipole term of the multipole expansion. The term "dipole" means "two poles", corresponding to the fact that a dipole magnet typically contains a "north pole" on one side and a "south pole" on the other side. This is analogous to an electric dipole, which has positive charge on one side and negative charge on the other. However, an electric dipole and magnetic dipole are fundamentally quite different. In an electric dipole made of ordinary matter, the positive charge is made of protons and the negative charge is made of electrons, but a magnetic dipole does "not" have different types of matter creating the north pole and south pole. Instead, the two magnetic poles arise simultaneously from the aggregate effect of all the currents and intrinsic moments throughout the magnet. Because of this, the two poles of a magnetic dipole must always have equal and opposite strength, and the two poles cannot be separated from each other.