IP & Mac Address
IP Address A unique number used to identify a device over the internet. Without it no device can communicate with other device. Analogy IP address is like a Roll Number in your school days like 1 , 2 etc . Which is different for each classmate in the same class. Example : 127.0.0.1 Mac Address A unique identifier for a device. It is its identity which is permanent. It can be changed temporarily. Analogy Your Roll no. (IP) can be changed but who you are can't be changed. Like your name , father name is specific to you. Same, Mac address is written on device hardware during manufacturing. Example : 00.1A.2B.3C.4D.16 Comment if I missed any point.

IP Address
A unique number used to identify a device over the internet. Without it no device can communicate with other device.
Analogy
IP address is like a Roll Number in your school days like 1 , 2 etc . Which is different for each classmate in the same class.
Example : 127.0.0.1
Mac Address
A unique identifier for a device. It is its identity which is permanent. It can be changed temporarily.
Analogy
Your Roll no. (IP) can be changed but who you are can't be changed. Like your name , father name is specific to you.
Same, Mac address is written on device hardware during manufacturing.
Example : 00.1A.2B.3C.4D.16
Comment if I missed any point.