FINANCIAL MANAGEMENT IN FOOD ENTERPRISES AND GLOBALIZATION OF ELECTRONIC BUSINESS IN SERBIA

  • Ivan D. Mičić, PhD MIT University of Skopje
  • Ibrahim Totić, PhD State University in Novi Pazar, Department of Legal and Economic Sciences, Novi Pazar
  • Ahmet Halilagić, Ph.D. Student University of Belgrade, Faculty of Agriculture, Zemun

Abstract

Use of finance in a certain form has been present and operational since the emergence of the world’s first civilizations such as: Egypt, Greece, Babylon, Rome and others. At that time, however, the financial system was primarily based on archaic stores of value - gold or silver money. In its basic definition, finances were created with the concept of money and the development of its functions as a payment and transactional mechanisms. Where there is no money, there is no value. Money is the determinant, but also the function of finance. The development of finance as a science and its function relates to the emergence of the state, since it is the primary creator and backer of money. In this regard, public-state finances first began to be studied, followed by other financial disciplines. Whereby the equilibrium arises from the payment of debt, collection of claims between states, enterprises and individuals.

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Published
2018-09-23
How to Cite
D. MIČIĆ, Ivan; TOTIĆ, Ibrahim; HALILAGIĆ, Ahmet. FINANCIAL MANAGEMENT IN FOOD ENTERPRISES AND GLOBALIZATION OF ELECTRONIC BUSINESS IN SERBIA. Economics of Agriculture, [S.l.], v. 65, n. 3, p. 1259-1276, sep. 2018. ISSN 2334-8453. Available at: <http://ea.bg.ac.rs/index.php/EA/article/view/896>. Date accessed: 11 dec. 2018. doi: https://doi.org/10.5937/ekoPolj1803259M.