All things being equal (all other things being equal)
ceteris = the other, remainder, rest
paribus = par = equal
Pronounce US = KAY-tuhr-uhs PAR-uh-buhs
Latin phrase, literally translated as "with other things the same," or "all other things being equal or held constant." It is an example of an ablative absolute and is commonly 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 that could override the relationship between the antecedent and the consequent.