What is the distinctive property of ordinal measurement?

Introduction:
There are broadly 4 scales of measurement used in Statistics, that either categorize variables (qualitative variables) or measure variable (quantitative variables). These are- nominal, ordinal, interval, and ratio.
Categorical variable (qualitative variable):
Labels or names that are used to recognize the attributes of each element are called categorical data. In other words, the data can be grouped under specific categories. Hence, a variable with categorical data is called categorical variable (qualitative variables).
Quantitative variable:
The data that take up numerical values or counting values are called quantitative data. A variable with quantitative data is called quantitative variable.
Ordinal scale:
Some variables classify the subjects of a study according to certain categories, which occur in a natural order. These variables are measured on the ordinal scale of measurement.
For example, the educational level of a person, classified as- Illiterate, High School Graduate, College Graduate, Post-Graduate, etc., although is a non-numeric variable, there is a natural ordering present. A College Graduate can definitely be placed at a higher position with respect to their education level, when compared to a High School Graduate. This is an ordinal scale variable.
Ordinal scale measures variable in terms of magnitude or rank. It has the property of both identity and magnitude.