Economy, asked by Erica91, 1 month ago

difference between cardinal and ordinal approach.​

Answers

Answered by mehraniayashika
1

Answer:

Ordinal utility measures the utility of goods subjectively, but cardinal utility evaluates objectively. Cardinal utility is not much realistic as compared to the ordinal one as quantitative evaluation of utility is not practicable.

helo erica..

Answered by ahanakarmakar28
1

Answer:

cardinal utility just measures the good objectively in contrary to the ordinal apporach which measures subjectively

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