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What is the difference between cardinal …

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What is the difference between cardinal utility and ordinal utility?? Please explain it for getting 4 marks?

Posted by Anushka Sagar 6 years, 9 months ago

CBSE > Class 11 > Economics

1 answers

Yogita Ingle 6 years, 9 months ago

Cardinal Utility	Ordinal Utility
It assumes that the satisfaction can be measured & expressed in cardinal i.e. countable numbers.	It assumes that satisfaction cannot be measured in numbers but things can be arranged in the order of our preference.
Ram yields 60 utils of satisfaction from pizza and 40 utils from a burger.	Ram yields more satisfaction from Pizzas in comparison to burger.
It says that ‘Utility’ is measured in ‘utils’	It says that ‘Utility’ is rank based on “satisfaction”
It is less realistic.	It is more realistic.

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