The Mongolian economy is primarily based on mining, agriculture, and livestock herding. Rich in natural resources, Mongolia produces significant amounts of coal, copper, and gold, which are vital for its export revenues. The country has been working to diversify its economy and reduce dependence on mining by promoting sectors like tourism and agriculture. Agriculture plays a crucial role in the livelihoods of many Mongolians, with livestock herding being a traditional practice. The vast steppe lands support herds of sheep, goats, and camels, contributing to both local consumption and exports. The government continues to implement policies aimed at sustainable development and economic growth.