The purchasing power of the inhabitants of this country
Mongolia from the Middle Ages to the early 20th centuries was a country of nomads. Mongolian moved from place to place in search of new pastures for livestock. They didn't plow the land, because they think that symbol is unlucky. So, this area where the country is located is difficult to cultivate the land, because is prairie.
Up to 40% of the population lives in cottages or felt yurts. Most often they are engaged in cattle breeding. As livestock, you can see horses, goats, sheep, and even camels
Now in Mongolia lives nearly 3 million. So, I think that for Mongolia's territory is a lot. Most of the country's territories are empty and uninhabited. Most of the residents live in Ulaanbaatar. Many people leave their country in search of a better life.
Mongolia is not a rich country. Salaries here are low – 250-3,000 US dollars. For a comfortable life, you need about $ 800. The national currency of Mongolia is the tugrik. Minimal salary in Mongolia is 250 dollars USA. Middle salary is 574$ and maximal salary is 3800$ So, it follows that the purchasing power in this country is not too high. It should also be taken into account that, on average, women receive less wages than men. This also affects people's desire to buy more things.
Most of the wages of poor families go to pay for heating. Most yurts are heated with coal or electric heaters. And these things are expensive. Food prices in Mongolia are the same as in Russia, maybe a little more expensive. On average, one person needs 280 per month to live in Mongolia
Mongolia is on the 64th place in the ranking of the International Labor Organization. The country is on the 76th position in the welfare rating.
