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The Standard Industrial Classification (SIC) is 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.
Use of sic greatly increased in the mid-20th century. [8] For example, in United States state-court opinions before 1944, sic appeared 1,239 times in the Westlaw database; in those from 1945 to 1990, it appeared 69,168 times, over 55 times as many. [2] Its use as a form of ridicule has been cited as a major factor in this increase. [2]
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.
It has largely replaced the older Standard Industrial Classification (SIC) system, except in some government agencies, such as the U.S. Securities and Exchange Commission (SEC). An establishment is typically a single physical location, though administratively distinct operations at a single location may be treated as separate establishments.
Level 3: 272 groups identified by three-digit numerical codes (01.1 to 99.0); Level 4: 615 classes identified by four-digit numerical codes (01.11 to 99.00). The first four digits of the code, which is the first four levels of the classification system, are the same in all European countries. National implementations may introduce additional ...
The United Kingdom Standard Industrial Classification of Economic Activities (UKSIC) is a Standard Industrial Classification that is intended to help classify businesses according to the type of their economic activity. One or more SIC codes can be attributed to a business. SIC codes identify what a business does.
The International Standard Industrial Classification of All Economic Activities (ISIC) is a United Nations industry classification system. Wide use has been made of ISIC in classifying data according to kind of economic activity in the fields of employment and health data. It is maintained by the United Nations Statistics Division. [1]
A merchant category code (MCC) is a four-digit number used for retail financial services to classify a business by the types of goods or services it provides. Codes are specified by the ISO 18245 standard.