Socialism
What kind of political and economic system did Mongolia have before 1990?
Socialism
What kind of political and economic system does Mongolia have today?
Free market democracy
Where can you find many recent migrants to Ulaanbaatar?
Ger districts
What is an example of an old statue in Mongolia?
Lenin
Why are there some conflicts in free market democracies?
Percentage of profits, location of business, public interest (environment, social welfare, traffic)
What are 3 examples of socialist countries?
North Korea, China, and the Soviet Union
What are 3 examples of democratic free market countries?
United States, France, South Korea, and Japan
What is an example of a small business?
Cafe, clothing factory
What is an example of a new statue or street name in Mongolia?
Chinggis Khan, Mahatma Gandhi
Are there some people who aren't sure which system is better?
Yes, they see advantages and disadvantes in both systems.
Who makes the decisions in a socialist country?
A few people
Are socialism and a free market democracies political or economic systems?
They are both political and economic systems.
What is an example of a big business?
mining, construction
How have diets changed in Mongolia?
More variety and fast food
What are 3 reasons some view free market democracies as good?
they can travel wherever they wish, they have freedom of expression, they can dream of becoming rich, and spend more time doing what they wish
What is socialism?
A kind of economic and political system in which the government owns a country’s businesses and decides who gets which goods and how much from these businesses.
In what year did Mongolia become a free market democracy?
1990
Why have people migrated to Ulaanbaatar?
Good salary, nice apartment, new car, good schools
What are 3 examples of fast food chains?
Pizza Hut, Modern Nomads, Little Sheep
What are 3 reasons some view socialism as good?
everyone had enough to eat, a steady job, a decent place to live, and didn’t destroy the environment as much
Who is supposed to benefit from government-run businesses in socialism?
Everyone equally
What is a free market democracy?
A kind of political and economic system in which businesses are privately owned and people have a choice of who they want to run a country.
Why have some street names and statues changed in Mongolia?
Mongolian society has new ideas about what is important, what it values, such as who its heroes should be.
What are 3 examples of companies in Mongolia?
Tours Les Jours, Apple, Toyota, Godiva, Urgoo Cinemas
How have some Mongolians been able to start businesses?
Hard work, creativity, saving money