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North American Industry Classification System

From Longman Business DictionaryNorth American Industry Classification SystemˌNorth Aˌmerican ˌIndustry Classifiˈcation ˌSystem written abbreviation NAICS nounECONOMICS a system developed by the US, Canada, and Mexico in which each industry has a number, used to describe which group a company belongs to. It replaced the Standard Industrial Classification system
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