Numerous inventions have taken place which has led to better transportation and communication facilities, cold-storage facilities, etc.
- Using these facilities and technologies a person sitting at one corner of room can sell his products in his city or region or even at national level.
- Previously only those firms that had a good presence at national or global level could buy and sell at such scale.
- Owing to these changes, the way a market is classified on the basis of location and geographical area has largely changed.
- As a result, same items and services can be available at both regional and national market simultaneously and hence it can belong to both regional market as well as national market.
