Permanent magnets are magnets which always create their own magnetic field. Their magnetism cannot be turned on and off. So, they are always exerting a force on other magnets or magnetic materials.

When referring to magnets, such as common bar magnets or horseshoe magnets, we are talking about permanent magnets.

Induced magnets, also known as temporary magnets, become magnetised when placed in a magnetic field. However, induced magnets are only attracted to other magnets; they cannot repel them.