Does Paribus Ceteris mean anything in Latin? If so, what?

Ceteris paribus, literally "holding other things constant," is a Latin phrase that is commonly translated into English as "all else being equal."

1. What does ceteris mean in Latin?
2. What are Latin phrases in economics?
3. What is another name for ceteris paribus?
4. What does ceteris paribus mean and why is it important?

What does ceteris mean in Latin?

From Latin cēterīs, the ablative plural of cēterus (“the other, the rest”), + pāribus, the ablative case plural of pār (“equal”).

What are Latin phrases in economics?

Ceteris paribus and mutatis mutandis are Latin phrases commonly used as shorthand to explain certain ideas often found in the world of economics and finance. When analyzing economic data, the former means that we isolate a variable of interest and hold everything else constant.

What is another name for ceteris paribus?

Ceteris paribus (also spelled caeteris paribus; (Modern Latin: [ˈse. tɛ. ris ˈpa. ri. bus]) is a Latin phrase, meaning "other things equal"; some other English translations of the phrase are "all other things being equal", "other things held constant", "all else unchanged", and "all else being equal".

What does ceteris paribus mean and why is it important?

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.