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).

 

Related Words

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 sys . . . View Full Definition

North American Free Trade Agreement Implementation Act: P.L. 103-182 (December 8, 1993) approved and implemented the North American Free Trade Agreement (NAFTA). NAFTA pertains to cross-border trade between the United States, Mexico, and Canada. . . . View Full Definition

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

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 serv . . . View Full Definition