What is the meaning of all other things being equal?
formal. —used to say what should happen or be true if two situations, products, etc., are different in a specified way but not in other ways All things being equal, a person with a PhD should be getting a higher salary than someone with only a master’s degree.
What is it called when two things equal?
Some common synonyms of equal are equivalent, identical, same, selfsame, and very. While all these words mean “not different or not differing from one another,” equal implies being identical in value, magnitude, or some specified quality.
Why ceteris paribus is important?
In economics, the assumption of ceteris paribus, a Latin phrase meaning “with other things the same” or “other things being equal or held constant,” is important in determining causation. It helps isolate multiple independent variables affecting a dependent variable.
How does one thing affect another?
causal Add to list Share. Have you ever heard the saying “One thing leads to another”? When one thing is known for certain to cause another thing, then the first thing can be called causal. Causal is a variation of the word cause, which should be a clue to its meaning.
What is the meaning all things considered?
: when all the good and bad parts of something are thought of All things considered, we’re pleased with how the project turned out. It was a pretty good vacation, all things considered.
What are examples of something that is equal?
The definition of equal is someone or something with the same quantity or value, or someone having the same rights as another. An example of equal is one cup being the same as eight ounces. An example of equal is women getting the same pay as men for the same work.
What does all else being equal mean?
all else being equal. When external circumstances or factors do not or will not affect the outcome or decision of something at hand.
What is the meaning of all things being equal?
As an English idiom, “ all/other things being equal ” means provided that other factors remain the same. In other words, something would be like ‘this’ if the other stuff were unchanged or didn’t matter.
What is another word for all things being equal?
Synonyms for all things being equal include all else being equal, all else the same, cet. par, c.p, presumably, doubtless, probably, apparently, likely and seemingly. Find more similar words at wordhippo.com!