Microprocessor is an IC which has only the CPU inside them i.e. only the processing powers such as Intel’s Pentium 1,2,3,4, core 2 duo, i3, i5 etc. These microprocessors don’t have RAM, ROM, and other peripheral on the chip. A system designer has to add them externally to make them functional. Application of microprocessor includes Desktop PC’s, Laptops, notepads etc. 
A microprocessor is an electronic component that is used by a computer to do its work. It is a central processing unit on a single integrated circuit chip containing millions of very small components including transistors, resistors, and diodes that work together.

A microcontroller is a small computer (SoC) on a single integrated circuit containing a processor core, memory, and programmable input/output peripherals.