The poles on a magnet are labeled North and South according to which geographic pole of the Earth they are attracted to (a magnetic compass needle has a magnetic North pole on the side that point to t...The poles on a magnet are labeled North and South according to which geographic pole of the Earth they are attracted to (a magnetic compass needle has a magnetic North pole on the side that point to the Earth’s North geographic pole). The magnetic field from a bar magnet is very similar to the electric field created by an electric dipole (and for that reason, we often use the term magnetic dipole to describe objects that create a magnetic field with the same shape).