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.
Candidate Bios Voting Rules Join Us for Hall of Fame Weekend Induction Weekend 2018 Nine former big league players and one executive comprise the 10-name Modern Baseball Era ballot to be reviewed and voted upon Dec. 10 at the Baseball Winter Meetings. Steve Garvey, Tommy John, Don Mattingly, Marvin Miller, Jack Morris, Dale Murphy, Dave Parker, Ted Simmons, Luis Tiant and Alan Trammell are the candidates the Modern Baseball Era Committee will consider for Hall of Fame election for the Class of 2018.