Discuss the beginning of economic development in Australia with the establishment of European colonies.

Answer:
With the coming of Europeans and establishment of their colonies in Australia, the process of economic development seeded up.

• The Europeans established larger sheep-rearing farms. They kept and reared the sheep Marino.
• They cleared forest for the development of agriculture.
• Production of wheat was encouraged and large vineyards were established to encourage the wine industry.
• Mining industry was also encouraged which laid the foundation of prosperity of Australia.