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.
The 100 Oldest Living Baseball Players by Baseball Almanac. 1  Did you know that the list of 100 oldest living baseball players includes 3 Hall of Fame players? They are in order from oldest to youngest: Bobby Doerr, Red Schoendienst, Tommy Lasorda. Throughout all of baseball history, the Major League player who lived to be the oldest ever was Chet Hoff who lived to be 107 years, 132 days old before passing away on September 17, 1998.