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What is NAICS (NORTH AMERICAN INDUSTRY CLASSIFICATION SYSTEM)?

April 26, 2017American Classification Industry NAICS north system

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What is NAICS (NORTH AMERICAN INDUSTRY CLASSIFICATION SYSTEM)?

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NAICS is the new term for the Standard Industrial Classification (SIC) system. It classifies establishments according to how they conduct their economic activity. Improved to accurately identify industries. Effective October 1, 2000. Can be found in the FAR 19.