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Back to Mongolia 

 

Mongolia's Economy


Mongolia's economy is based on breeding livestock and raising crops.  The processing of  agricultural and livestock products comprising most of Mongolia's manufacturing.  After an attempt during the Communist period to improve production and manufacturing, the government has shifted to a market system.  The government is changing to one that is democratic, not socialist, and enterprises that had at one time been state-owned are now being changed to privately owned businesses.


 


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