What is the purpose of ceteris paribus?
Could you elaborate on the objective of employing the concept of ceteris paribus in economics and finance? How does it aid in analyzing complex market dynamics while keeping other variables constant, allowing for a clearer understanding of the specific factor under investigation?
How does ceteris paribus help us?
Could you elaborate on how the principle of ceteris paribus, which assumes all other factors remain constant, aids us in understanding and analyzing economic and financial phenomena, particularly in the realm of cryptocurrency and finance? How does it help us isolate the impact of specific variables and make more informed decisions?