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There are different kind of Latin word. The point of ceteris paribus as a Latin phrase simply means "other things equal or held constant is that  helps one to be able to distinguish from  others (isolate), the influence of one variable on another.

  • This Ceteris paribus point help one to distinguish causation.

Ceteris paribus

This is a Latin phrase whose common English translation is that "all other things being equal."

This term is said to be often used in the aspect of economics and finance. It acts as an indication of the effect of one economic variable on another, even while other variables are said to be constant.

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Answer:

The assumption of ceteris paribus, a Latin phrase meaning "other things equal or held constant," helps isolate the effect of one variable on another. Mutatis mutandis, on the other hand, considering how all factors interact with one another as a variable of interest affects an outcome of interest.

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