Examlex
Which of the following is the correct order of steps in capacity planning and control?
Ceteris Paribus
A Latin phrase meaning "all other things being equal," used in economics to analyze the effect of one variable on another while holding everything else constant.
Variables
Elements, features, or factors that are likely to vary or change.
Economists
Professionals who study how societies use available resources to produce valuable commodities and distribute them among different people.
Normative Statement
Describes expressions of what ought to be rather than what is, often reflecting opinions or prescriptions for policy rather than objective statements.
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