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TeachMeFinance.com - explain NAICS (North American Industry Classification System) NAICS (North American Industry Classification System) The term 'NAICS (North American Industry Classification System)' as it applies to the area of energy can be defined as ' A coding system developed jointly by the United States, Canada, and Mexico to classify businesses and industries according to the type of economic activity in which they are engaged. NAICS replaces the Standard Industrial Classification (SIC)codes'. Previous 5 Terms: Nadir NAEGA NAFTA NAHMS NAICS Next 5 Terms: nail NAL NAM Name plate Name plate capacity About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.