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ceteras paribus

 

Definitions from the Web

ceteris paribus

Definition: Ceteris paribus is a Latin phrase that means "all things being equal" or "other things being equal." It is a commonly used term in economics and other social sciences to indicate that a specific factor is held constant while examining a cause-and-effect relationship.

Examples:

  • Noun: The economic theory considers ceteris paribus in order to isolate the impact of a single variable.
  • Adjective: The ceteris paribus assumption is crucial for conducting controlled experiments in social sciences.
  • Adverb: The demand for a product will increase ceteris paribus, if the price decreases.

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