Question

What is the fundamental difference between an electric dipole and a magnetic dipole?

Answer 1

Basis of Difference	Electric Dipole	Magnetic Dipole
Basic constituents	Two equal and opposite electric charges	A current loop or a magnet with north and south poles
Isolated constituent	Positive or negative electric charges can exist independently	Isolated magnetic poles have not been observed; poles occur in pairs
Dipole moment	Directed from negative to positive charge	Directed according to the right-hand rule for a current loop
Example	A pair of separated charges	A bar magnet or a current-carrying circular loop