oscillator is which oscillates to a required proportion in order to generate signal with required frequency. whereas, regulator limits the signal to a predefined value and offers a constant out put through out
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a zener regulator must sustain its own current to function plus the load currents IC regulator on the other hand will require very little current to sustain regulation plus there is a gain regulation that a zener do not have.
IC stand for Integrated Circuit, so all microcontrollers is IC's but not all IC's is microcontrollers. There is millions of IC types with different porpoises some is microprocessors some is microcontrollers but most IC's has other functions like Oppamps, timers, logic gates, regulator ETC.
ic voltage regulator is good for line or load regulation
7805 ic is a voltage regulator,up to 5 Volts can maintain.
There is no thermodynamic difference between them .