Businesses could commercialize their products in further places, because the development of rapid manufacturing and transportation systems decreased the time needed for transactions and, this enhanced productivity and decreased production costs.
There was a progressive market integration, as markets grew from the local sphere and started to function all over the nation and even internationally, increasing the amounts supplied and the competitiveness of firms and decreasing the prices of products. Consumers could choose from different producers and buy cheaper, hence they were also benefited by the technological progress.
