Definitions for "STANDARD INDUSTRIAL CLASSIFICATION"
A system of classifying an establishment based on the type of activity performed at the establishment, for purposes of facilitating the collection, tabulation, presentation, and analysis of data relating to establishments, and for promoting uniformity and comparability in the presentation of statistical data. This system utilizes a four-digit code number for individual industries. Each digit represents a different level of aggregation of the industries.
4-digit codes used to categorize and uniquely identify business activities. see also industrial.
The SIC system promulgated by the United States Office of Management and Budget divides economic activity into "industries" which are classified at increasing levels of detail. Two digit classes are the most generalized.