village vs settlement

village and settlement both are nouns.

Word	Noun	Adjective	Verb	Adverb
village	Yes	No	No	No
settlement	Yes	No	No	No

As nouns, village and settlement are synonyms defined as:

Other synonyms of village include small town.

As nouns, settlement is a hypernym of village; that is, settlement is a word with a broader meaning than village:

village (noun)	settlement (noun)
a community of people smaller than a town	termination of a business operation by using its assets to discharge its liabilities
a settlement smaller than a town	the act of colonizing; the establishment of colonies
	something settled or resolved; the outcome of decision making
	a conclusive resolution of a matter and disposition of it
	a body of people who settle far from home but maintain ties with their homeland; inhabitants remain nationals of their home state but are not literally under the home state's system of government
	a community of people smaller than a town
	an area where a group of families live together