Mongolia is a landlocked unitary sovereign state in East Asia. Economic activity in Mongolia has traditionally been based on herding and agriculture, although development of extensive mineral deposits of copper, coal, molybdenum, tin, tungsten, and gold have emerged as a driver of industrial production.
In terms of its economic development, Mongolia's history has been shaped by its reliance on agriculture and livestock herding. However, the discovery of significant mineral deposits has had a profound impact on the country's industrial landscape, with copper, coal, and other minerals driving growth.