If we make an analogy with real life (with assumption that it is 172.16.1.1 and not 172.168.1.1):
These are two different rooms in two different hotels in probably two different towns. The hotels can be built in the middle of no where, with no roads reaching them. And if there's a road, you can go only to the entrance, you can't go to any particual room unless you're personally invited, and escorted.
The primary difference is that 192.168.xxx.yyy "hotel" can have almost 256*256 rooms, while 172.16.xxx.yyy can have 16*256*256 rooms).
Continuing with the analogy: Some of these addresses represent not a single room, but a whole floor, or the whole hotel, white others represent hallway doors, or hotel' entrance.