cardinal utility

Definitions

Economics

  • noun the measurement of the satisfaction which a consumer gets from a good or service, based on the assumption that such satisfaction can be accurately measured; as opposed to ‘ordinal utility’ where the satisfaction can only be seen to be growing in comparison with another measurement

Health Economics

  • (written as Cardinal Utility)
    A characteristic of utility measurement.
http://www.dictionarycentral.com/definition/cardinal-utility.html