The derivative as a ratio

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As $$\frac{dy}{dx}= \lim_{∆x \to 0}\frac{∆y}{∆x}$$ then why $$\frac{dy}{dx}$$ is not a ratio ?

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$\frac{dy}{dx}$ is simply (Leibnitz) notation for the derivative. It is a symbol, like $y'$, $y'(x)$, and so forth.