one has the word has in and one has the word takes in
Diversifiable risk is the risk which can be mitigated by
investing in different companies, different sectors, different
assets and also different regions. Here we trying to minimize the
risk of huge loss by taking the whole risk against one or few
companies/ sectors / assets / regions.
Non-Diversifiable risk can not be mitigated at all. This is the
risk you are exposed to in individual investment. Every investment
holds Market risk, i.e. uncertainity of market moving up or down
and respective movement of your investment
.