What is a magnet? Explain its basic properties.

Explanation

### Step-by-Step Solution

1. **Definition of a Magnet**:
A magnet is any material or substance that can attract certain other materials, specifically magnetic materials. These magnetic materials include substances like iron, cobalt, and nickel.

2. **Poles of a Magnet**:
Every magnet has two distinct poles: the North Pole and the South Pole. These poles are crucial in determining how magnets interact with each other.

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