Answer:
Mongolia's economy is controlled by Russia and India. Mongolia's arid climate cannot support a large population and economy is briefly described below in details.
Step-by-step explanation:
The economy of Mongolia is conventionally based on agriculture and the herding of animals, but now the Mongolian economy is transformed from an agrarian economy to an industrial economy Now the Mongolian economy is also getting foreign investment in the mining sector. Mongolia has vast reserves of natural resources such as gold, coal, copper, tungsten, uranium, and, tin.