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Industry classification. Industry classification or industry taxonomy is a type of economic taxonomy that classifies companies, organizations and traders into industrial groupings based on similar production processes, similar products, or similar behavior in financial markets. National and international statistical agencies use various ...
The Global Industry Classification Standard (GICS) is an industry taxonomy developed in 1999 by MSCI and Standard & Poor's (S&P) for use by the global financial community. The GICS structure consists of 11 sectors, 25 industry groups, 74 industries and 163 sub-industries [ 1 ] into which S&P has categorized all major public companies .
A comprehensive overview of the types, sectors, and classifications of industry , with links to related topics and articles.
Standard Industrial Classification. The Standard Industrial Classification (SIC) was a system for classifying industries by a four-digit code as a method of standardizing industry classification for statistical purposes across agencies. Established in the United States in 1937, it is used by government agencies to classify industry areas.
In macroeconomics, an industry is a branch of an economy that produces a closely related set of raw materials, goods, or services. [2] For example, one might refer to the wood industry or to the insurance industry . When evaluating a single group or company, its dominant source of revenue is typically used by industry classifications to ...
Aerospace engineering, airplanes, helicopters, drones and spacecraft. Marine engineering, boats, ships, oil rigs and other marine vessels or structures, oceanographic engineering. Railway engineering dealing with the design, construction, and operation of all types of rail transport systems. Power plant engineering.
The North American Industry Classification System or NAICS ( / neɪks /) [1] is a classification of business establishments by type of economic activity (the process of production). It is used by governments and business in Canada, Mexico, and the United States of America. It has largely replaced the older Standard Industrial Classification ...
The three-sector model in economics divides economies into three sectors of activity: extraction of raw materials ( primary ), manufacturing ( secondary ), and service industries which exist to facilitate the transport, distribution and sale of goods produced in the secondary sector ( tertiary ). [ 1] The model was developed by Allan Fisher ...