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Government outlays include all of the following EXCEPT
External Growth
Expansion of a business through acquiring or merging with other companies, as opposed to internal growth through increasing sales, product lines, or efficiencies.
Diversification
In finance, selecting a portfolio of different (diverse) investments to limit the overall risk borne by the investor.
Economies of Scale
Cost advantages that a business can achieve due to expansion and increased production volume, leading to lower per-unit costs.
Unfriendly Merger
A takeover or merger which is not supported or welcomed by the target company's management and board of directors.
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