1) The document discusses the differences between microprocessors and microcontrollers. 2) A microcontroller integrates a microprocessor, memory, and input/output ports onto a single chip to make it suitable for applications where cost, power and space are critical constraints. 3) In contrast, a microprocessor-based system has the CPU, memory, and I/O components separated, allowing for more flexibility but also greater expense, higher power consumption, and larger size.