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Ceteris paribus has been relevant in economics for centuries, in which the majority of the phrases first uses were in economic contexts, dating back to its first traces in 1295 by Peter Olivi. The earliest case of the Latin phrase being used in the English language publications was in the 17th century by William Petty , who used the clause to ...
ceteris paribus "other things being equal" Commonly used in economics, ceteris paribus allows for supply and demand models to reflect specific variables. If one assumes that the only thing changing is, say, the price of wheat, then demand and supply will both be affected appropriately.
ceteris paribus: with other things the same More commonly rendered in English as "All other things being equal." / ˌ s ɛ t ər ɪ s ˈ p ær ɪ b ə s / compos mentis: having command of mind Of sound mind. Also used in the negative "Non compos mentis", meaning "Not of sound mind". / ˈ k ɒ m p ɒ s ˈ m ɛ n t ɪ s / condicio sine qua non: A ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
Mutatis mutandis is a Medieval Latin phrase meaning "with things changed that should be changed" or "once the necessary changes have been made", literally: having been changed, going to be changed. [ 1 ] [ 2 ] [ 3 ] It continues to be seen as a foreign-origin phrase (and thus, unnaturalized, meaning not integrated as part of native vocabulary ...
The Trump administration's abrupt freeze on nearly all federal grants and loans has created widespread confusion.
Escape the monotony of everyday life and go someplace new — like a park, museum or cool local landmark you’ve been meaning to check out. Or just hop in your car and see where the day takes you ...
ceteris paribus: all other things being equal: That is, disregarding or eliminating extraneous factors in a situation. charta pardonationis se defendendo: a paper of pardon to defend oneself: The form of a pardon for killing another man in self-defence (see manslaughter). charta pardonationis utlagariae: a paper of pardon to the outlaw