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.
Each is listed showing his primary position; that is, the position or role in which the player made his greatest contribution to baseball according to the Hall of Fame. According to the current rules, players must have at least 10 years of major league experience to be eligible for induction. In addition, they must be retired for at least five years if living, or deceased for at least six months. Players meeting these qualifications must pass through a screening committee, and are then voted on by the Baseball Writers' Association of America (BBWAA).