Mongolia is a democratic nation that transitioned from a one-party socialist system to a multi-party democracy in the early 1990s. The first democratic elections were held in 1990, leading to the establishment of a parliamentary system. The Mongolian People's Party and the Democratic Party are the two main political parties that compete in elections. The Constitution of Mongolia, adopted in 1992, guarantees fundamental rights and freedoms for its citizens. Elections are held regularly, and the government is accountable to the people. Despite challenges such as corruption and economic issues, Mongolia continues to uphold democratic principles and strives for political stability.