1. Induced Investment: Real investment may be induced. Induced investment is profit or income motivated. Factors like prices, wages and interest changes which affect profits influence induced investment. Similarly demand also influences it. When income increases, consumption deÂ­mand also increases and to meet this, investment increases. In the ultimate analysis, induced investment is a function of inÂ­come i.e., I = f(Y). It is income elastic. It increases or deÂ­creases with the rise or fall in income, as shown in Figure 1. I 1 I 1 is the investment curve which shows induced investÂ­ment at various levels of income. Induced investment is zero at OY 1 income. When income rises to OY 3 induced investment is I 3 Y y A fall in income to OY 2 also reduces induced investment to I 2 Y 2.
A player is eligible for the Baseball Hall of Fame after being retired for five years.
Eligibility for BBWAA Hall of Fame Election BBWAA: Former Major Leaguers who have been active some time during a period of 20 years before and ending five years prior to election and have played in a minimum of 10 seasons.