What is the difference between microprocessor and microcontroller?

Microprocessor differs from microcontrollers in different areas. Based on external peripheral, storage locations like ROM (Read-only memory), RAM (Random access memory) and EEPROM are embedded in microcontroller while external circuits are used in the microprocessor. Every peripheral is on one chip but they are bulky in the microprocessor. The microcontroller is less expensive than microprocessors and devices manufactured with microprocessors are cheaper too because of the metal oxide semiconductor technology used. Microprocessors are faster than microcontrollers.