Specific rotation is the angle or the optical rotation that occurs for a specific substance (solution, crystal etc.) when light passes thought it for 1 decimetre (0.1 metres) Source(s): http://en.wikipedia.org/wiki/Specific_rotation.
Definition of ceteris paribus. Ceteris paribus is a Latin phrase meaning âall other things remaining equalâ. The concept of ceteris paribus is important in economics because in the real world it is usually hard to isolate all the different variables. An increase in interest rates will âceteris paribusâ cause demand for loans to fall. (Higher interest rates increase the cost of borrowing so there will be less demand for loans.
Most, though not all, economists rely on ceteris paribus to build and test economic models. In simple language, it means the economist can hold all variables in the model constant and tinker with them one at a time. Ceteris paribus has its limitations, especially when such arguments are layered on top of one another. Nevertheless, it is an important and useful way to describe relative tendencies in markets. BREAKING DOWN 'Ceteris Paribus'