Ceteris paribus and laissez faire distinguish between – InterviewSolution

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1.	Ceteris paribus and laissez faire distinguish between
Answer» Explanation:The ceteris paribus principle enables the study of the causal EFFECT of one variable on another, with all other influencing factors held constant.Laissez-faire is an economic and political philosophy. It is from a French phrase that means to "leave ALONE". It means that government does not interfere with business and economy. FINANCE and TRADE decisions are left for the PRIVATE individual to make.

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