What describes the ability to store energy in a magnetic field?

Inductance is the physical property of an electronic component, typically an inductor or coil, that allows it to store energy in a magnetic field. When electrical current flows through a wire, it generates a magnetic field, and coiling the wire concentrates this field to store energy effectively. It is important not to confuse inductance with capacitance. While inductance stores energy in a magnetic field, capacitance describes the ability to store energy in an electric field. Resistance, on the other hand, dissipates energy as heat rather than storing it.