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The North American Industry Classification System or NAICS (/ n eɪ k s /) [1] is a classification of business establishments by type of economic activity (the process of production). It is used by governments and business in Canada , Mexico , and the United States of America .
The firm must be a small business based on the North American Industry Classification System (NAICS) [2] for size standards. The business must be at least 51% owned and controlled by U.S. citizens, or a Community Development Corporation, an agricultural cooperative, or an Indian tribe (including Alaska Native Corporations).
In the United States, the SIC system was last revised in 1987 and was last used by the Census Bureau for the 1992 Economic Census, and has been replaced by the North American Industry Classification System (NAICS code), which was released in 1997. [2]
However, to reflect the evolving nature of the economy, the NAICS is updated every five years. Therefore, when comparing different censuses, a particular NAICS basis is usually specified. The following data are based on a comparison of the 2007 and 2002 censuses using the 2002 NAICS basis and an older comparison of the 1997 and 2002 censuses ...
This page was last edited on 8 March 2008, at 01:19 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
John von Neumann. In set theory, the axiom of limitation of size was proposed by John von Neumann in his 1925 axiom system for sets and classes. [1] It formalizes the limitation of size principle, which avoids the paradoxes encountered in earlier formulations of set theory by recognizing that some classes are too big to be sets.
The North American Product Classification System (NAPCS) is a classification system used by Canada, Mexico, and the United States to classify products produced by industries in those countries.
If only diseconomies of scale existed, then the long-run average cost-minimizing firm size would be one worker, producing the minimal possible level of output. However, economies of scale also apply, which state that large firms can have lower per-unit costs due to buying at bulk discounts (components, insurance, real estate, advertising, etc.) and can also limit competition by buying out ...