Ceteris Paribus

In economics, ceteris paribus which means "all things equal" or "all things the same" is a term used to state that only one variable matters in an example given and only one variable changes. This term is used to simplify and emphasize the effect of a given problem or example and does not consider the real number of variables that may change or influence the subject in the real world.

 

 

 

 

 

 

 

 



 

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