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.
Baseball Hall of Fame balloting, 2005. 2005 inductees Wade Boggs (left) and Ryne Sandberg. Elections to the Baseball Hall of Fame for 2005 proceeded in keeping with rules enacted in 2001. The Baseball Writers Association of America (BBWAA) held an election to select from recent players, and the Veterans Committee held a separate election to select from players retired more than 20 years.