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13 December, 21:08

In building a model to analyze economic situations, one of the important assumptions is

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  1. 13 December, 21:12
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    In having to build a model in analyzing economic situations, the most important assumption is the ceteris paribus. The ceteris paribus means that it is having things in equal and where conditions should always remain the same. It is important as it is a way of having to show balance.
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