Industrial classification

An industrial classification (alternatively known as industry classification and industry taxonomy; hereinafter, the Taxonomy) is any economic taxonomy that groups organizations based on their products and/or production processes, as well as on their selling, marketing, and/or social appealing techniques into industries.

Key Taxonomies

North American Industry Classification System

The North American Industry Classification System (also known by its acronym, NAICS) is the primary Taxonomy used by government and business in Canada, Mexico, and the United States. Some government agencies such as the United States Securities and Exchange Commission historically use the Standard Industrial Classification (or SIC) system.

Sector #	Description	Comparison with CNMIC
11	Agriculture, Forestry, Fishing and Hunting	One part of the raw materials industry
21	Mining, Quarrying, and Oil and Gas Extraction	Another part of the raw materials industry
22	Utilities	Energy, electricity, gas, as well as water service are parts of the infrastructure industry
23	Construction	A part of the infrastructure industry
31-33	Manufacturing	No difference
41/42	Wholesale Trade (41 in Canada; 42 in the United States)	One part of the market exchange industry
44-45	Retail Trade	Another part of the market exchange industry
48-49	Transportation and Warehousing	CNMIC includes warehousing into transportation since warehouses are not designed to be final destinations.
51	Information	CNMIC introduces the digital industry, which excludes those information services such as paper book libraries and printed media that don't entirely rely on computers.
52	Finance and Insurance	One part of the enterprise support industry.
53	Real Estate and Rental and Leasing	Real estate sales are parts of the market-exchange industry; rental and leasing are parts of the property-sustaining industry.
54	Professional, Scientific, and Technical Services	Accounting, administrative service, banking, insurance, investment management, and legal service are a part of the enterprise support industry; the others are a part of the live-sustaining industry.
55	Management of Companies and Enterprises	Another part of the enterprise support industry.
56	Administrative and Support and Waste Management and Remediation Services	Waste disposal is a part of the infrastructure industry. Accounting, administrative service, banking, insurance, investment management, and legal service are a part of the enterprise support industry. The others are a part of the live-sustaining industry.
61	Educational Services	Altogether with the community outreach, included into the human development industry
62	Health Care and Social Assistance	CNMIC includes social assistance into the public service industry.
71	Arts, Entertainment, and Recreation	CNMIC includes hospitality, entertainment, accommodation service, food service, real estate service, rental service, property-sustaining industry, repair service, maintenance service, technical service, printed-book library, cleaning service, performing arts service, recreation service, and sports activity into the live-sustaining industry.
72	Accommodation and Food Services
81	Other Services (except Public Administration)
92	Public Administration	CNMIC introduces the public service industry, which also includes social assistance.

CNM classification

Main wikipage: CNM industry classification