what is the meaning CETERIS PARIBUS?

Answer 1

It is interesting that ALITER AEQUI means almost exactly the same but is used quite differently.

Answer 2

Ceteris paribus is a Latin phrase, literally translated as "with other things [being] the same," and usually rendered in English as "all other things being equal."

A ceteris paribus assumption is often essential in all predictive sciences — in order to formulate scientific laws it is usually necessary to rule out some unspecified set of relevant factors which could interfere with the effect of some causal factor. Experimentally, the ceteris paribus assumption is realized when a scientist controls for all of the independent variables other than the one under study, so that the effect of a single independent variable on the dependent variable can be separated out. By holding all the other relevant factors constant, a scientist is able to focus on the unique effects of a given factor in a complex causal situation.

Answer 3

# The Latin term "ceteris paribus" means, in a UK legal context: "other things
being equal."
# Definition of Ceteris Paribus: Ceteris Paribus means "assuming all else is held
constant". The author using ceteris paribus is attempting to distinguish an ..
# 'A rise in price causes a decrease in demand, ceteris paribus' means that the
effect is to be expected only if, for instance, the income is distributed a ...

Answer 4

Ceteris Paribus is a Latin phrase translated as '' with other thing (being) the same,'' usually rendered in English as "all other things being equal"A prediction, or a statement about causal or logical connections between two states of affairs, is qualified by ceteris paribus in order to acknowledge, and to rule out, the possibility of other factors which could override the relationship between the antecedent and the consequent.

Answer 5

Ceteris paribus is a Latin phrase, literally translated as "other things the same," and usually rendered in English as "all other things being equal." A prediction, or a statement about causal or logical connections between two states of affairs, is qualified by ceteris paribus in order to acknowledge, and to rule out, the possibility of other factors which could override the relationship between the antecedent and the consequent.

Answer 6

we use this phrase mostly in economics. The demand for a commodity is based on a lot of conditions namely its price, price of related goods, income of the consumer, preference of the consumer, etc. When any one of these consitions change, it affects the demand for the commodity also. To study change in quantity demanded, due to a change in one condition alone we have to assume that other conditions do not change. For example: To know how thw demand varies due to a change in income of the consumer, we have to assume other things remain the same. That assumption is called ceteris paribus.

Answer 7

Ceteris paribus is a latin phrase for "all else being equal."

Answer 8

Information, Insights, and Best Practices for
Consumer-Centric Merchandising and Marketing





Minding the Gap: Why There Is No Such Thing As One Optimal Price for an Item

Basic economic theory (or practical business experience) teaches that, in general, lowering the price of a product increases its sales volume. Therefore, when we want to increase volume, we typically lower price. Similarly, if we want to increase profit, we typically raise price. Economic theory, however, usually includes the caveat of “ceteris parabus,” a Latin phrase that loosely translates to “if everything else stays the same.” But does everything else ever stay the same in retail?

Of course not. Other price changes occur simultaneously, competitors change their prices, items enter or exit the assortment, etc. And due to the interaction between these events, sometimes the best pricing action isn’t what we’d typically do. In reality, we can sometimes actually increase profit by lowering price, increase volume by increasing price, or increase volume by not changing price at all. Understanding how to do this depends on the relationships, or “gaps,” between an item’s price and the prices of other substitutable items on the shelf.

The relative price difference—whether between items in a good-better-best range, between a private label brand and a national brand, or between two competing brands—and the cross-price elasticity among items, are equally important as the measure of the item’s own price elasticity. By understanding elasticity, as well as how items substitute or complement each other, we can use pricing to “shift the mix” of what consumers select while standing at the shelf. Specifically, in addition to adjusting an item’s price to increase or decrease its volume, it is equally powerful to adjust the prices of other items in order to increase or decrease volume of an item.

For example, in a standard good-better-best range, assuming a higher incremental unit margin for each tier, we could increase the profitability of a category by lowering the price of the “better” brand, provided it: a) caused customers of the “good” brand to trade up, and b) did not cause customers of the “best” brand to trade down.

Similarly, to increase volume of a high margin item, we may increase the prices of its two closest substitutes, thus increasing substitution and driving volume without changing the item’s price. The increased volume and maintained margin can have a significant impact on overall category margin.

Because the concept of “ceteris parabus” really exists only in economics classrooms and textbooks, savvy retailers today not only look at the price elasticity of an item when making pricing decisions, but also take into account all cannibalistic relationships in which that item is involved. The end goal is to fine-tune the price gaps between substitutable items, induce consumers to make the most profitable decisions at the shelf, and achieve a more efficient product mix. And because this really means strategically optimizing the “gaps” between prices more so than the individual prices, there is no single optimal price for an item. Rather, there are only optimal sets of prices for all items.

Answer 9

cetris paribus-everything else remaining same
in my sub (economics),ths is an underlying assumption.wenevr v study anythng,v assume al other related factors 2 remain unchanged.ths helpls us 2 bring out the effect of a particular factor at a time.

Answer 10

this word is a latin old word ...

I used it in my economics course study ... and it meant that u take one factor in the economy changed and everything else remains the same !

maybe there is some other uses, but thats the only way i got introduced to this word !