TeachMeFinance.com - explain North American Industry Classification System (NAICS)
North American Industry Classification System (NAICS) The term 'North American Industry Classification System (NAICS)' as it applies to the area of energy can be defined as ' A new classification scheme, developed by the Office of Management and Budget to replace the Standard Industrial Classification (SIC) System, that categorizes establishments according to the types of production processes they primarily use'.
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