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North American Industry Classification System

North American Industry Classification System definition - business

North American Industry Classification System

A product-oriented classification system utilized to facilitate the collection, tabulation, and analysis of data that is grouped according to similarities in the processes used to produce goods and services. The system was developed in order to provide comparability of economic statistics.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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