Fattdad has explained it okay. Suggest you get a intro soils book and do a few examples - say a single footing of 3m by 3m and determine the stress distribution and then estimate settlement. Then take two 3m by 3m footings and place them 6 m apart and see if there is any overlapping of stress bulbs (use 10% isochrone). Then put the footings 3 m apart and see again, then 1.5 m apart, 0.5 m apart and then touching. See how the pressure bulbs will increase the stresses under a footing due to its neighbour. Then take a single 30m by 30m footing and determine the stress distribution with depth. Compare it to the smaller footing - see how the bigger footing goes significantly deeper. If one has a thoroughly uniform medium to infinitum, you can see how the settlements would compare. Now, though, as fattdad said, what if you have a stronger layer 5 m down - or 10 m or 15 m down. Settlements are affected signficantly for those cases where the pressure bulbs are "cut" by the stronger layer - you will need to go to 2-layer or even 3-layer theories for working out stresses.
The above is "good" for elastic settlements (granular - or immediate settlements of clay) - but, there is also a problem of consolidation settlement - again, you need, even more so, to know the actual stress distribution under your footing (large or small) and also the overconsolidation behaviour of the stratum with depth - to determine settlements in these cases.
There are many variables - and I think that if you sit down one evening and do a few scenarios like indicated above, using a calculator, bousinesque charts, graph paper, engineers scale (hopefully you know what it is) and pencil, you will gain a lot better appreciation of what has been explained above.