Imagine a marketplace where people buy and sell things. A Market Maker is like a vendor who sets up a stall with specific prices for their goods. They're adding liquidity (making things easy to buy and sell) by offering to buy or sell at those prices. A Market Taker is a customer who comes along and buys or sells at the prices the vendor has set. Takers benefit from the liquidity provided by Makers, while Makers earn a small profit from the difference between their buying and selling prices (the spread).
