Exchange spring magnet
The magnetostatic energy is the energy stored in the field generated by a material's magnetic moments. The magnet's field reaches its maximum intensity if all the magnetic moments orient in one direction; this is what occurs in a hard magnet. In order to prevent building up the magnetic field, sometimes magnetic moments tend to form loops. That way, the energy stored in the magnetic field can be constrained; this is what occurs in a soft magnet. What determines whether a magnet is hard or soft is the dominant term of its magnetic energy. For hard magnets, the anisotropy constant is relatively large, making the magnetic moments align with easy axis. The opposite case applies to soft magnets, in which the magnetostatic energy is dominant.
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.