North American Industrial Classification System (NAICS)

The North American Industry Classification System (NAICS) is a standardized way for governments, businesses, and researchers to categorize and identify different types of economic activities in Canada, Mexico, and the United States. It assigns unique codes to industries based on their main business functions, such as manufacturing, retail, or healthcare. This system helps organize economic data, analyze industry trends, and facilitate business decisions by providing a consistent framework for classifying companies and measuring economic activity across North America.