Economics A Level: What is Ceteris Paribus? How do Economists use it?

Question

What is Ceteris Paribus? How do Economists use it?

go kys · Accepted Answer

-Ceteris Paribus is when 'all other things remaining equal'
-Economists use this to have 2 Factors change and 'all other things remaining equal' that would otherwise Affect the Result
-This allows Theories, Models and Predictions

Economics A Level

What is Ceteris Paribus? How do Economists use it?

-Ceteris Paribus is when 'all other things remaining equal' -Economists use this to have 2 Factors change and 'all other things remaining equal' that would otherwise Affect the Result -This allows Theories, Models and Predictions

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