What Is The Purpose Of Ceteris Paribus?
What Is The Purpose Of Ceteris Paribus? In economics, the assumption of ceteris paribus, a Latin phrase meaning “with other things the same” or “other things being equal or held constant,” is important in determining causation. It helps isolate multiple independent variables affecting a dependent variable. What is ceteris paribus in economics quizlet? Ceteris Paribus.