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What is ordinal and cardinal utility …

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What is ordinal and cardinal utility and differentiate between them?

Posted by Mahima Patel 7 years, 8 months ago

CBSE > Class 11 > Economics

1 answers

Aniket Int 7 years, 8 months ago

Ordinal is expressed in terms of rank such as high -low ,max -min And in cardinal it is expressed in terms of number such as 1 2 3, i ii iii iv ,a b c d e Now the difference between them in a condition of commodity,in case of ordinal, more satisfaction and we expresed it by we eat more or we eat less and in other hand we expressed cardinal in a way like we eat 2 apple or 4 apple

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