Centripetal acceleration refers to the acceleration directed towards the center of a circular path, necessary for maintaining circular motion, as seen in a ball on a string. Angular acceleration, on the other hand, is the rate of change of angular velocity, occurring when the rotation speed of the object changes. Both types of acceleration can coexist; for example, when a ball is spun faster while still being pulled towards the center by a string's tension. The centripetal force remains constant as long as the radius and speed are maintained, while angular acceleration can occur due to an applied torque. Understanding the distinction between these two accelerations is crucial for analyzing rotational motion dynamics.