Modern large scale manufacturing doesn’t have the following characteristic:

The correct option is: Low level capital investment.

To understand why this is the correct answer, let's analyze the fundamental characteristics of modern large-scale manufacturing:

1. Specialisation of Skills: Modern manufacturing relies heavily on the division of labor. Instead of a single worker creating a product from start to finish, the process is broken down into specialized tasks, allowing workers to gain high proficiency in specific roles. Therefore, specialization is a key characteristic.

2. Technological Innovation: Advanced manufacturing processes continuously integrate research and development, automation, and state-of-the-art technology to optimize yield, control quality, and reduce waste. Thus, technological innovation is a core feature.

3. Mechanisation: The use of machinery to perform tasks that were previously done manually is a defining aspect of large-scale production, ensuring high speed, precision, and reproducibility. Therefore, mechanization is present.

4. Capital Investment: Modern large-scale manufacturing requires enormous financial resources to set up factories, purchase advanced machinery, automate production lines, and sustain supply chains. Consequently, it is characterized by high-level capital investment rather than low-level investment.

Since the question asks for the characteristic that modern large-scale manufacturing does not have, "Low level capital investment" is the correct choice.