 Mongolia,
a landlocked nation, is situated in the Central and East
Asia. On its south, east and west, it has the People's
Republic of China and on its north there is Russia. The
largest city in the country is also its capital city and
it is Ulan Bator. About 38% of the entire population of
Mongolia lives in this city. Named as the 19th largest
country on earth, Mongolia is comparatively larger than
Peru, which is the next largest country after Mongolia.
The climate in the country is extreme continental with
short summers and long, cold winter.
Mining and agriculture are the two main industries in
the country. The nation is rich in mineral resources
such as tungsten, coal, gold, copper, tin and
molybdenum. At present, there are about thirty thousand
independent businesses in Mongolia and most of them are
generally located in the capital city. Its stock
exchange, The Mongolian Stock Exchange, was established
in the year 1991 and it is considered to be the smallest
stock exchange as compared to other stock exchanges (by
market capitalization). While it has several domestic
airports, Mongolia only has one international airport
and that is the Chinggis Khaan International Airport,
which is situated near Ulan Bator.
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