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.
Retirement benefits: Major League Baseball. Baseball was the first U.S. pro sport to have a pension plan, starting in 1947. Today, players become eligible for the minimum pension after just 43 days of service time at the major league level. MLB pensions are reputed to be among the most generous in sports.Players accrue full pension benefits when they achieve 10 years of service time, making them eligible for $200,000 a year for life (the maximum allowed by law in 2012) at the age of 62.etirement benefits: Major League Baseball. Baseball was the first U.S. pro sport to have a pension plan, starting in 1947. Today, players become eligible for the minimum pension after just 43 days of service time at the major league level. MLB pensions are reputed to be among the most generous in sports.