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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]
Industry Classification Benchmark: FTSE: market/ company 11/20/45/173 2005–present (2019) ISIC International Standard Industrial Classification of All Economic Activities: United Nations Statistics Division: production/ establishment 4 digits 21/88/238/419 1948–present (Rev. 4, 2008) MGECS Morningstar Global Equity Classification System [5]
It is the European implementation of the UN classification ISIC, revision 4. There is a correspondence between NACE and United Nations' International Standard Industrial Classification of all Economic Activities. [2] NACE is similar in function to the SIC and NAICS systems: Standard Industrial Classification; North American Industry ...
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 .
The OMB established the Economic Classification Policy Committee in 1992 to develop a new system representative of the current industrial climate. The result was the North American Industry Classification System, or NAICS, a collaborative effort between Canada, the U.S. and Mexico. NAICS replaced the four-digit SIC code with a six-digit code ...
An economic taxonomy is a system of classification of economic activity, including products, companies and industries. Some economists believe that the study of economic policy demands the use of a taxonomic/classificatory approach.
Industry can be define as a type of business and activities involved in process of producing products for sale. [4] The classification of industry usually follows the International Standard Industrial Classification (ISIC), or certain standard according to different countries or states. [5]
For example the International Standard Industrial Classification (ISIC) – used directly or through derived classifications for the official statistics of most countries worldwide – classifies "statistical units" by the "economic activity in which they mainly engage".