👉 Ferrimagnetism is a type of electromagnetism where the magnetic properties of an object are determined by its interaction with a ferromagnetic material. In other words, it involves interactions between an electrically charged particle (e.g., electron) and a ferromagnetic material, leading to the creation of a magnet in the material. This phenomenon is crucial for understanding how electrical current flows through materials and is used in various fields such as electronics, magnets, and magnetic resonance imaging (MRI).