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Ceteris Paribus


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Quotes of the day:

Drugs are not always necessary, but belief in recovery always is.

— Norman Cousins

Ceteris paribus, literally holding other things constant, is a Latin phrase that is commonly translated into English as all else being equal. A dominant assumption in mainstream economic thinking, it acts as a shorthand indication of the effect of one economic variable on another, provided all other variables remain the same.

Ceteris Paribus | Economics Term Definition & Example
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Ceteris Paribus | Economics Term Definition & Example
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