Meaning & use
ceteris paribus
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Meaning
phrasefixed phraseformal
Used to say that a statement holds true only if all other relevant factors stay unchanged.
Grammar: Usually placed at the start of a claim: ceteris paribus, higher prices reduce demand.
Patterns
- ceteris paribus, something happens
Ceteris paribus, a rise in interest rates reduces borrowing.
The model predicts, ceteris paribus, that more study leads to better grades.
Ceteris paribus, a smaller class size should improve learning.
Common combinations
- ceteris paribus assumption
- The ceteris paribus assumption simplifies the model by freezing other variables.
- ceteris paribus condition
- The result only holds under a ceteris paribus condition.
- assume ceteris paribus
- Economists often assume ceteris paribus when studying prices.
- all else being equal
- All else being equal, I would choose the cheaper option.
Synonyms and how they differ
- all else being equal
- This is the plain-English version and is suitable for general readers, while ceteris paribus is more formal and typical of economics.
- other things equal
- It is a shorter English version with the same meaning but a less academic feel.
- in isolation
- In isolation means considered by itself, which is close, but ceteris paribus specifically freezes other factors in a comparison.
Word family
Commonly confused: ceteris paribus or et cetera?
ceteris paribus vs et cetera
Et cetera means and so on at the end of a list, while ceteris paribus means other things being equal.
Practice
What does ceteris paribus most nearly mean in a sentence about economics?
Choose one answer.
Ceteris paribus means other factors are held constant. The other choices are unrelated phrases about price, speed or law.
Make it your own
Write a sentence using “ceteris paribus”, then check it and compare it with the examples above.