Challenges, opportunities, and impacts on the MSMEs during COVID-19 pandemic in Erdenet

Abstract

In Mongolia, there are 228’411 businesses entities registered with the government, 96’336 businesses are activated establishment, and 84’685 or 87.9% of them are micro-sized businesses in the 4th quarter of 2021. Also, 36’950 or 38.4% are operating in the sector of wholesale, retail, and trade, and 35’544 or 96.1% of them are micro-sized enterprises in the sector of wholesale, retail, and trade.