Business and industry Major Group

The Business and Industry Major Group is a way of organizing companies into broad categories based on the products or services they provide. It helps to classify and analyze industries at a high level, such as manufacturing, healthcare, or retail. This grouping makes it easier for businesses, investors, and policymakers to understand market trends, compare similar companies, and make informed decisions. Essentially, it’s a broad labeling system that groups related businesses together, providing a clearer picture of how different sectors of the economy are structured and operate.