industry codes

Industry codes are standardized identifiers assigned to specific economic sectors or business activities. They help categorize companies based on the type of work they do, making it easier to organize, analyze, and compare data across different industries. Think of them as a system of labels that tell you what kind of business a company is involved in, similar to a classification system used in libraries or hospitals. These codes are used by governments, researchers, and businesses to track industry trends, regulate markets, and gather statistical information efficiently.