What Are The Basic Function Of Financial Markets?

In economics definition "a financial market is a process that allows people to easily buy and sell financial securities, commodities and other fungible items of value at low transaction costs and at prices that reflect efficient markets."
Financial markets have come up over several hundred years and are undergoing constant innovation to improve liquidity in a better manner. There function is to facilitate people economy in one way or the other. It is all about financial facilitation for people.
Both general markets, where many commodities are to be traded and specialized markets where only a single commodity is to be traded exist. Markets work by placing many interested sellers at one location, thus making them easier to find for available buyers. An economy which relies basically on interactions between buyers and sellers to allocate resources is called a market economy in contrast either to a command economy available or to a non-market economy available that is based, such as a gift economy, for instance. Hope it must be clear now!