Industry Sector Classification Scheme

Definition

Industry Sector Classification Scheme. A system for allocating classifiers to organizations by industry sector

Examples

The examples developed by governments to classify industries

• the North American Industry Classification System (NAICS)
• the Standardized Industry Classification (SIC) in the U.S. and Canada
• the NACE (Nomenclature Générale des Activités Économiques dans les Communautés Européennes) in the EU

Commercial classification schemes, include

• the Global Industry Standard Classification (GICS) developed jointly by Morgan Stanley Capital International (MSCI) and Standard and Poor's, and
• Industry Classification Benchmark (ICB) system, maintained by Dow Jones and London's FTSE Group, among others.

See Also

• Barron's Dictionary of Business and Economics Terms, 2012

Disclaimer

This entry annotates a FIBO Ontology Class. FIBO is a trademark and the FIBO Ontology is copyright of the EDM Council, released under the MIT Open Source License. There is no guarantee that the content of this page will remain aligned with, or correctly interprets, the concepts covered by the FIBO ontology.