Question

Explain ceteris paribus? Like in 100 words

Answer 1

Answer:

Ceteris paribus is a Latin phrase meaning other things equal

English translations of the phrase include all other things being equal or other things held constant or all else unchanged. A prediction or a statement about a causal, empirical, or logical relation between two states of affairs is ceteris paribus if it is acknowledged that the prediction, although usually accurate in expected conditions, can fail or the relation can be abolished by intervening factors.