What Does Ceteris Paribus Mean?
What Does Ceteris Paribus Mean?
Ceteris paribus is a Latin phrase meaning "other things equal". It is an analytical assumption used to isolate the effect of one variable while other relevant influences are held unchanged.
Step-by-step lessons on CIE Intl A Level Economics 1.2.3 meaning of the term ceteris paribus. Each one builds up to exam-style questions.