Ceteris paribus definition

Ceteris paribus assumption means
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Ceteris paribus means, roughly, “with other conditions remaining the same”.
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Ceteris paribus literally translated means, "buyer beware." Answer: FALSE
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Examples of Ceteris paribus in a sentence

  • Ceteris paribus, then, a world containing more populist and nationalist lead- ers should feature less global governance and more international conflict.


More Definitions of Ceteris paribus

Ceteris paribus which means assuming all else remains the same. In this research, an attempt to address some of these drivers of supply and demand is made only to give a contextual framework and to warn the reader that many known and unknown forces are always at play when making declarative statements and using statistics to demonstrate a relationship.
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Ceteris paribus is a Latin expression which means all other things remaining constant. It is an essential component of a scientific method. If, for example, we wish to examine the effect of price on demand we do not simultaneously change other factors or variables like incomes, tastes, etc. Therefore, when formulating economic principles it is important to measure (determine) the effect of change in one variable while holding other variables constant – care is taken to always state that such and such will happen, ceteris paribus.
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Related to Ceteris paribus

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  • Environmental Management Framework means the Environmental Management Framework, dated November 15, 2008 as updated by the Recipient on July 21, 2010 and disclosed on July 23, 2010, and the technical guidelines for implementation thereof, adopted by the Recipient, giving details of a program of actions, measures and policies designed to maximize the benefits of the Project, eliminate, offset or mitigate any adverse environmental impacts, or reduce such impacts to acceptable levels, as such Environmental Management Framework may be amended from time to time with the prior written agreement of the World Bank and the Recipient, and such term includes any annexes or schedules to such framework.

  • Solid Waste Management Unit , or “SWMU” means any discernible unit at which solid wastes have been placed at any time, irrespective of whether the unit was intended for the management of solid or hazardous wastes. Such units include any area at a facility at which solid wastes have been routinely or systematically released.

  • Safety Management System means a systematic approach to managing safety, including the necessary organisational structures, accountabilities, policies and procedures;