Overview#
Industry Classification or industry taxonomy is a type of economic taxonomy, usually Codes, that Classifies into industrial groupings based on similar production processes, similar products, or similar behavior in financial markets.A wide variety of taxonomies are in use:
- Major Industry Identifier (MII)
- Merchant Category Code (MCC)
- North American Industry Classification System (NAICS)
- Standard Industrial Classification (SIC)
- International Standard Industrial Classification of All Economic Activities (ISIC)
- Global Industry Classification Standard (GICS)
- United Kingdom Standard Industrial Classification of Economic Activities (UKSIC)
- United Nations Standard Products and Services Code (UNSPSC)
