give one example as an intermediate good and how it can be converted to final good
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Salt is used for making bread and salt used for direct consumption also. Here, salt is an example of how it becomes an intermediate good and a final good as well. Here, the salt used in the preparation of bread acts as an intermediate good while salt used for direct consumption is classified as a final good.
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sᴀʟᴛ ɪs ᴜsᴇᴅ ғᴏʀ ᴍᴀᴋɪɴɢ ʙʀᴇᴀᴅ ᴀɴᴅ sᴀʟᴛ ᴜsᴇᴅ ғᴏʀ ᴅɪʀᴇᴄᴛ ᴄᴏɴsᴜᴍᴘᴛɪᴏɴ ᴀʟsᴏ. ʜᴇʀᴇ, sᴀʟᴛ ɪs ᴀɴ ᴇxᴀᴍᴘʟᴇ ᴏғ ʜᴏᴡ ɪᴛ ʙᴇᴄᴏᴍᴇs ᴀɴ ɪɴᴛᴇʀᴍᴇᴅɪᴀᴛᴇ ɢᴏᴏᴅ ᴀɴᴅ ᴀ ғɪɴᴀʟ ɢᴏᴏᴅ ᴀs ᴡᴇʟʟ. ʜᴇʀᴇ, ᴛʜᴇ sᴀʟᴛ ᴜsᴇᴅ ɪɴ ᴛʜᴇ ᴘʀᴇᴘᴀʀᴀᴛɪᴏɴ ᴏғ ʙʀᴇᴀᴅ ᴀᴄᴛs ᴀs ᴀɴ ɪɴᴛᴇʀᴍᴇᴅɪᴀᴛᴇ ɢᴏᴏᴅ ᴡʜɪʟᴇ sᴀʟᴛ ᴜsᴇᴅ ғᴏʀ ᴅɪʀᴇᴄᴛ ᴄᴏɴsᴜᴍᴘᴛɪᴏɴ ɪs ᴄʟᴀssɪғɪᴇᴅ ᴀs ᴀ ғɪɴᴀʟ ɢᴏᴏᴅ.
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