Modern large scale manufacturing doesn't have the following characteristic:
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → Low level capital investment
Modern large-scale manufacturing is characterised by:
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Specialisation of skills → Division of labour and efficiency.
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Technological innovation → Continuous improvement in production methods.
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Mechanisation → Use of machines to replace manual labour.
It requires very high capital investment, not a low level.