Definitions for "North American Industry Classification System"
An industrial classification system developed for use in the North American free trade area.
The North American Industry Classification System (NAICS) is replacing the U.S. Standard Industrial Classification (SIC) system. NAICS will reshape the way we view our changing economy. NAICS was developed jointly by the U.S., Canada, and Mexico to provide new comparability in statistics about business activity across North America.
The NAICS (North American Industry Classification System) is issued by the Office of Management and Budget and used within the Federal Government to identify similar products and services.