Difference between revisions of "Industrial classification"

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(North American Industry Classification System)
(North American Industry Classification System)
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Revision as of 17:27, 5 August 2019

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 that are not based on computers.
52 Finance and Insurance One part of the enterprise support industry.
53 Real Estate and Rental and Leasing
54 Professional, Scientific, and Technical Services Those services that support businesses are a part of the enterprise support industry; those services that support individuals 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. The other services that support businesses are a part of the enterprise support industry; those services that support individuals are a part of the live-sustaining industry.
61 Educational Services Human development industry
62 Health Care and Social Assistance
71 Arts, Entertainment, and Recreation
72 Accommodation and Food Services
81 Other Services (except Public Administration)
92 Public Administration Public service industry

CNM classification

Main wikipage: CNM industry classification