Definition:
The North American Industry Classification System (NAICS pronounced Nakes) is a system for classifying business establishments. Adopted in 1997 to replace the old Standard Industrial Classification (SIC) system, it is the industry classification system used by the statistical agencies of the United States. It is the first economic classification system to be constructed based on a single economic concept. NAICS was developed jointly by the U.S., Canada, and Mexico to provide new comparability in statistics about business activity across North America.
Related Terms:
Standard Industrial Classification Code (SIC)
Small Business
Small Business Administration (SBA)
Related Information:
North American Industrial Classification System (NAICS)
Business Possibilities
Small Business Size Regulations
Related Books:
International Standard Industrial Classification Of All Economic Activities
101 Best Businesses to Start
More Books about Small Business
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