SIC Replacement

North American Industry Classification System (NAICS): Business Activity Classification System
The North American Industry Classification System (NAICS) is a system for classifying business activities, developed jointly by the United States, Canada, and Mexico. It uses six-digit codes and replaces the U.S. Standard Industrial Classification (SIC) system. This framework is integral for measuring productivity, constructing input-output relationships, and estimating employment-output relationships and other statistical measures.

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