What is a standard industrial classification?

Standard industrial classification (SIC) was a classification system used in the United States between 1937 and 1997 to collect statistical information on business activities. It has been replaced by North American Industry Classification System (NAICS), but some organizations continue to use SIC codes. For example, the Securities and Stock Exchange Commission has retained their sic codes in its publications and discussions on economic issues and it is not unusual to see how standard industrial application codes in various publications.

In the 1930s. The 20th century developed in the United States and the industry flourished in the United States, and the government was critically important to allow the government to allow the government to allow economic growth and progress. It has developed a standard industrial classification as a way to adapt every business in the United States to category. Categorization could be used for things such as comparing various industries, looking at economic performance in differentStates and identification of trends in the American industry, such as the establishment of companies owned by women.

Every standard industrial classification has four digits. The first two digits generally represent the main industrial category, while the other two create subtype. For example, 0800 is forestry and some branches in the forest industry can be identified by different two digits of codes that will replace the "00." Some examples of SIC codes include 2732 for book publishing, 3821 for laboratory devices and 7800 for the film industry.

using standard industrial classification, census of the United States and other agencies that maintain and monitor statistics can maintain accurate data on the types of enterprises in the United States. Rather than the need to sort records manually and search for video rentals, for example, someone can enter "7841" to give data on video R Rental stores throughout the United States.

naics, growth standarIndustrial classification days, covers the whole of North America, not only the United States. The six digital NaICs divides industry into a gradually smaller classification as well as the SIC code and this information can be used for different purposes.

Complete lists of SIC and NAICS codes are available from several government agencies, along with transfers to people who want to know what NAIC can be replaced for older SIC codes. The ability to convert can be useful when people want to compare statistics from different years or want to be able to interpret data published with the SIC codes from the NAICS framework.