The relationship between the magnetic susceptibility $ \chi $ and the magnetic permeability $ \mu $ is given by:
$ \mu_0 $ is the permeability of free space and $ \mu_r $ is relative permeability.
Magnets are used in many devices like electric bells, telephones, radio, loudspeakers, motors, fans, screwdrivers, lifting heavy iron loads, super-fast trains, especially in foreign countries, refrigerators, etc.
Magnetite is the world’s first magnet. This is also called a natural magnet. Though magnets occur naturally, we can also impart magnetic properties to a substance. It would be an artificial magnet in that case.
Read More: Magnetism and Matter