Ceteris Paribus

Pronunciation: /ˈsɛtərɪs pəˈraɪbəs/

Definitions of ceteris paribus

noun a Latin phrase meaning 'all other things being equal'

Example Sentences

A1 Ceteris paribus means 'all other things being equal'.

A2 In economics, ceteris paribus is used to isolate the effect of one variable.

B1 When analyzing the market, economists often use the concept of ceteris paribus.

B2 Ceteris paribus assumptions are important in economic modeling to simplify complex relationships.

C1 Economists rely on ceteris paribus assumptions to make predictions about the impact of policy changes.

C2 Understanding ceteris paribus conditions is crucial for conducting accurate economic analysis.

adverb used to indicate that a particular situation is being considered in isolation from other factors

Example Sentences

A1 Ceteris paribus, I prefer to study in a quiet environment.

A2 Ceteris paribus, she always arrives on time for meetings.

B1 Ceteris paribus, the price of goods will decrease if demand decreases.

B2 Ceteris paribus, the company's profits are expected to increase next quarter.

C1 Ceteris paribus, the new marketing strategy will likely lead to higher sales.

C2 Ceteris paribus, the economic forecast predicts stable growth for the next year.

Examples of ceteris paribus in a Sentence

formal In economic theory, ceteris paribus is used to analyze the impact of a single variable while holding all other variables constant.

informal Ceteris paribus, if we increase the price of the product, we can predict a decrease in demand.

slang Let's say, ceteris paribus, if we ditch the study session, we might fail the test.

figurative Ceteris paribus, if we remove the toxic people from our lives, we can expect to feel happier and more at peace.

Grammatical Forms of ceteris paribus

• past tense: ceteris paribused
• plural: ceteris paribuses
• comparative: more ceteris paribus
• superlative: most ceteris paribus
• present tense: ceteris paribus
• future tense: will ceteris paribus
• perfect tense: have ceteris paribused
• continuous tense: is ceteris paribusing
• singular: ceteris paribus
• positive degree: ceteris paribus
• infinitive: to ceteris paribus
• gerund: ceteris paribusing
• participle: ceteris paribused

Origin and Evolution of ceteris paribus

First Known Use: 1250 year

Language of Origin: Latin

Story behind the word: The phrase 'ceteris paribus' originates from Latin and is commonly used in economics and other social sciences to indicate that all other relevant factors are held constant.

Evolution of the word: Over time, 'ceteris paribus' has become a standard term in economic analysis, indicating the assumption that all other variables remain constant while focusing on the impact of a specific factor. The phrase is now widely used in various fields to simplify complex models and theories by isolating specific variables for analysis.