Abstract: Local knowledge refers to the understandings, skills, and philosophies developed by societies with long histories of interaction with their environment. Place names (toponyms) can be considered an important mirror of the local knowledge and perceptions about the surrounding living space. A review of the geographical literature on toponyms, as emphasizes, highlighted several aspects of the study of toponyms – linguistic and five geographical (cartographic, political-geographical, historical-geographical, cultural-geographical, theoretical-methodological) – and two approaches in toponymic research as a means of identification, communication and orientation and as a source of research). It was noticed that toponyms are not recognized as a relevant research topic in the geography of our area, but also as a source of data in research. We notice that the treatment of toponyms has been improving in recent years. Therefore, we believe that in that context, our modest contribution will not be out of the question. Thus, in this paper, based on field research and literature, the toponymy of the rural settlement is presented Gnjili Potok.
Abstract: The article describes a specific canonical form of IS-LM model under Inflation Targeting. Throughout last two decades, economy of Republic of Moldova has gone through recurrent periods of boom and bust. This is the fascinating phenomenon of business cycles and economic fluctuations. Although long periods of high economic growth have sometimes led people to believe that the business cycle was dead, statistical data show that it is still alive and well: economic activity continues to fluctuate in an irregular cyclical manner around its long-run growth trend. and at the start of the present decade the growth rate of real GDP per capita turned negative in all of the three largest OECD economies. A fundamental challenge for macroeconomic theory is to explain why the economy goes through these cyclical movements rather than evolving smoothly over time.
The two previous years of COVID-19 implications derived the capitalist market economies of the world through recurrent periods of boom and bust. This is the fascinating phenomenon of business cycles: economic activity continues to fluctuate in an irregular cyclical manner around its long-run growth trend and at the start of the present decade the growth rate of real GDP per capita turned negative in all of the three largest Eastern European Economies. We concludes that that numerous disarrays identifying with the arrangement of strategies utilized by Monetary Policy in a specific space of study financial variables and parameters can reconsider anticipated time-arrangement and/or uncertainty in terms of model errors.
Impact of Inventory Management on the Profitability of Low Technology Industry: Case of Furniture Manufacturing Industry in Bosnia and Herzegovina
European Journal of Economic Studies. 2022. 11(1): 35-42.
Abstract: Considering the significant effect of the furniture manufacturing sector on B&H economy, this research provides an important insight into the investigation of the relationship between the inventory management and the financial performance. This study was conducted on the Bosnian market and targeted a sample of 128 furniture manufacturing firms. Multiple regression analysis is applied in SPSS software using the audited financial statements for five years period (2014−2018). It can be concluded that the results of this research are supporting hypothesis and that there is a positive relationship between efficient inventory management and the furniture manufacturing industry's profitability. Contributions can be observed from the empirical aspect, as well as for companies in transition countries, where the paper determines the impact of liquidity on the level of profitability based on hypothesis testing and the conclusions reached can serve as guidelines for future analyzes of the level of profitability.