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.
Magnetic domain
The above describes magnetic domain structure in a perfect crystal lattice, such as would be found in a single crystal of iron. However most magnetic materials are polycrystalline, composed of microscopic crystalline grains. These grains are "not" the same as domains. Each grain is a little crystal, with the crystal lattices of separate grains oriented in random directions. In most materials, each grain is big enough to contain several domains. Each crystal has an "easy" axis of magnetization, and is divided into domains with the axis of magnetization parallel to this axis, in alternate directions.