Eli5: What does ceteris paribus means?

300 views

I cannot, for the love of god, read “other things constant” and understand what it actually means.

In: 8

6 Answers

Anonymous 0 Comments

It’s a bit like the school physics “assume that everything is a sphere in a frictionless environment”.

Totally implausible in the real world, but allows specific scenarios to be explained without distracting external factors.

You are viewing 1 out of 6 answers, click here to view all answers.