North American Industry Classification System (NAICS)

Business / Agriculture / North American Industry Classification System (NAICS): Standard industrial classification codes have been replaced in the 1997 Census of Agriculture by the new North American Industry Classification System (NAICS). NAICS is a unique, all-new system for classifying business establishments. It is the first economic classification system to be constructed based on a single economic concept. Economic units that use like processes to produce goods or services are grouped together. In the case of the Census of Agriculture, the shift from SIC codes to NAICS codes involves few changes. Farms are grouped into crop or livestock production and then into the subcategory which accounts for 50% or more of the total value of sales of agricultural products (i.e., cotton, tobacco, dairy).

Other Words for Industry

Industry Adjective Synonyms: production, manufacture, trade, commerce, business
Industry Noun Synonyms: industriousness, energy, activity, vigor, hustle, bustle, dynamism, enterprise, earnestness, determination
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Other Words for System

System Adjective Synonyms: organized whole, organization, set, group, combination, structure, arrangement, pattern, set-up
System Noun Synonyms: scheme, method, approach, modus operandi, way, procedure, methodology, technique, plan, process, practice, routine
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North American Free Trade Agreement (NAFTA)

Business / Agriculture / North American Free Trade Agreement (NAFTA): A multilateral agreement negotiated by the United States, Canada and Mexico that sets forth agreements to lower and/or eliminate unfair trade barriers that affect the trade of goods and services betwe MORE

North American Cellular Network (NACN)

Technology / Cell Phones / North American Cellular Network (NACN): An organization of cellular providers that facilitates cellular calls across the country to be linked for seamless roaming. MORE

Nonsystematic Risk

Business / Finance / Nonsystematic Risk: Nonmarket or firm-specific risk factors that can be eliminated by diversification. Also called unique risk or diversifiable risk. Systematic risk refers to risk factors common to the entire economy. MORE

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