Ceteris Paribus

Latin phrase that translates approximately to "holding other things constant" and is usually rendered in English as "all other things being equal". In economics and finance, the term is used as a shorthand for indicating the effect of one economic variable on another, holding constant all other variables that may affect the second variable.

Investopedia Says:
For example, when discussing the laws of supply and demand, one could say that if demand for a given product outweighs supply, ceteris paribus, prices will rise. Here, the use of "ceteris paribus" is simply saying that as long as all other factors that could affect the outcome (such as the existence of a substitute product) remain constant, prices will increase in this situation. Contrasts with "mutatis mutandis".

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Also, all else being equal. Given the same circumstances, as in Other things being equal, I prefer the green sofa. This term is a translation of the Latin phrase ceteris paribus, which was widely used until the 18th century, when it began to be replaced by the English equivalent.