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Magnetization: The process in which magnetic materials attains magnetism is called Magnetization.
The Methods of magnetization are
By bringing magnetic materials near the magnet.
By producing electricity
Demagnetisation : The process of removing magnetic property from the magnet is called demagnetization.
The Magnets can be demagnetised by Hammering,
Rough handling like hammering, breaking etc
By Heating
By Induction
By passing electricity
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